FBI officials arrested an Alabama man Thursday for allegedly hacking the Securities and Exchange Commission’s X account this year as part of an attempt to promote bitcoin.

WASHINGTON (Reuters) -A 25-year-old Alabama man was arrested on Thursday for hacking the U.S. Securities and Exchange Commission's X account this year as part of an alleged conspiracy to manipulate bitcoin prices, U.S. prosecutors said.

An Alabama man was arrested Thursday for his alleged role in the January hack of a U.S. Securities and Exchange Commission social media account that led the price of bitcoin to spike, the Justice Department said.

FBI agents arrested a man in connection with the Jan. 9 the hack of the X account belonging to the Securities and Exchange Commission. A fake tweet posted on the SEC account that day sent the price of bitcoin spiking by more than $1,

US authorities have charged a man for involvement in the SEC X account hack in January 2024, which falsely announced the approval of Bitcoin Exchange Traded Funds

Prosecutors said Eric Council was part of a SIM-swapping scheme that granted him access to the SEC’s social-media account.

A 25-year-old Alabama resident named Eric Council Jr. was arrested Thursday morning in connection with the unauthorized takeover of the Security and Exchange Commission’s X account in January, which caused the value of Bitcoin to spike $1,

A 25-year-old Alabama man has been arrested by the FBI for his alleged role in the takeover of the Securities and Exchange Commission's X account earlier this year. The hack resulted in a rogue tweet that falsely claimed bitcoin ETFs had been approved by the regulator,