The person who helped breaking the X account of Eric Council Junior, US Securities and Exchange Commission has convicted the allegations.
As a result, the council faces a potential $ 50,000 fine as part of the plea deal, Bloomberg Informed,
US officials proposed on 9 February for $ 50K in a filing in the US district court for Columbia district. On February 9, the fine belongs to the fine that the prosecutors say that there is an amount that the council “individually received” is between the fake post on the X, in the east, Twitter, which alleged that the SEC had the first spot in the United States. Bitcoin (BTC) exchange-traded funds were approved.
The price of bitcoin declined rapidly as the agency confirmed that its X account was hacked.
As Crypto.news reported at that time, FBI arrested the council in October 2024. Later that month, the report said that the federal prosecutors were considering the offer of a petition deal.
On Monday, February 10, 2025, Eric Council Junior convicted an increased identity theft and a count of device fraud. Judge Amy Burman Jackson has fixed the sentence date on 16 May 2025.
The SEC approved Spot ETF a day after hack, with the interest of the market, with the interest of Blackcock, he had an income as a strong buying. During the year, Inflow was a hit of over $ 40 billion, with the US spot ETFS market closed in 2024, with more than $ 120 billion in net assets.
Further developments at the SEC saw the approval of the Spot Etharium (ETH) ETF in the US, Donald Trump’s election also saw a fleet of resignation and exit in the agency, especially the former chair Gary Gainsler.
Meanwhile, the industry has seen a hurry of activity in relation to new ETF applications, including Litcoin, XRP, Solna and Dogcoin.
