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The United States Federal Bureau of Investigation has arrested an individual responsible for posting a fake tweet announcing the Securities and Exchange Commission’s approval of spot Bitcoin exchange-traded funds earlier this year.by the United States Attorney’s Office for the District of Columbia, authorities have charged the 25-year-old Eric Council with conspiracy to commit aggravated identity theft and access device fraud.
A SIM swap involves combining social engineering tactics to transfer a phone number from a SIM card belonging to a victim to another SIM card controlled by cybercriminals. This enables the hackers toA complaint by the U.S. Attorney’s Office accused Council of using the stolen identity of a person who had access to the SEC’s X account to take over their phone number.
After posting the fake tweet, Council allegedly received BTC payment from his co-conspirators for a job well done and eventually returned the iPhone for cash.
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