FBI Arrests Hacker Behind Fake Bitcoin ETF Approval News
18.10.2024 16:00 1 min. read Alexander Stefanov
The Federal Bureau of Investigation (FBI) arrested a 25-year-old man from Alabama, for hacking the official X account of the Securities and Exchange Commission (SEC) in January.
According to an Oct. 17 statement, Eric Concil Jr. was taken into custody following allegations of conspiracy to commit aggravated identity theft and access device fraud.
According to federal authorities, Concil is accused of being part of a group that hacked the SEC’s X account in January 2024 and posted a fake message on January 9 claiming that the SEC had approved the first exchange-traded fund (ETF) for Bitcoin in the United States.
The fake announcement helped the price of Bitcoin jump by over $1,000 after publication, causing further turmoil in the markets.
Nearly 15 minutes later, SEC Chairman Gary Gensler refuted the news, saying that the Commission had not approved the listing and trading of spot Bitcoin products traded on the Bitcoin exchange, adding that the regulator’s account had been compromised.
-
1
Cybercriminals Exploit GitHub to Distribute Crypto Malware
26.02.2025 20:00 2 min. read -
2
Bybit’s Biggest Hack: What Investigators Have Found
04.03.2025 22:00 1 min. read -
3
Gotbit Founder Extradited to U.S. Over Alleged Crypto Market Manipulation Scheme
27.02.2025 14:00 2 min. read -
4
India Intensifies Bitconnect Investigation, Seizing $190M in Crypto
16.02.2025 17:00 2 min. read -
5
Ripple Co-Founder’s Wallet Compromised in $661 Million XRP Hack in 2024
10.03.2025 15:00 1 min. read
Interpol Fugitive May Be Tied to New Crypto Scheme
Blockchain analytics firm Bubblemaps has uncovered evidence that Hayden Davis, the fugitive behind the LIBRA project and wanted by Interpol, may be the mastermind behind a newly launched cryptocurrency called WOLF.
UK Law Enforcement Officer Faces Multiple Charges Over Alleged Bitcoin Theft
A law enforcement officer in the UK has found himself in serious legal trouble, facing multiple charges after allegedly stealing a substantial amount of Bitcoin during a 2017 investigation.
American Sentenced to 7 Years for Crypto-Fueled Drug Trafficking Scheme
An american has been sentenced to over seven years in prison for his involvement in a large-scale drug trafficking operation that relied on cryptocurrency for payments and money laundering.
Ex-Bank Staffer Pleads Guilty to Facilitating Fraud and Drug Money Laundering
A former Bank of America employee has admitted to playing a role in an international money laundering network that funneled millions of dollars through fraudulent bank accounts, according to the U.S. Department of Justice (DOJ).
-
1
Cybercriminals Exploit GitHub to Distribute Crypto Malware
26.02.2025 20:00 2 min. read -
2
Bybit’s Biggest Hack: What Investigators Have Found
04.03.2025 22:00 1 min. read -
3
Gotbit Founder Extradited to U.S. Over Alleged Crypto Market Manipulation Scheme
27.02.2025 14:00 2 min. read -
4
India Intensifies Bitconnect Investigation, Seizing $190M in Crypto
16.02.2025 17:00 2 min. read -
5
Ripple Co-Founder’s Wallet Compromised in $661 Million XRP Hack in 2024
10.03.2025 15:00 1 min. read
