The man who kidnapped SEC is X account to face Bitcoin Bitcoin to five years in prison

Alabama Man Who Was Oteo KS Account American Securities and Exchange Commissions (SEC) to Bitcoin Pump confessed to the blame To theft identity and access to the device access. Eric Tip Jr., Together with his associates, used his unauthorized approach to MC’s X account to ask a false statement claiming that the agency approved the Means of Bitcoin. The price of Bitcoin quickly increased before he fell back after SEC’s Supervisor Gary Glensler used his personal account to state that the post was false.

The cripptocurrencial industry declared the possibility of launching the BitCoin ETFS, which basically allows daily traders to invest in a cropto without themselves need to be carried out by currency themselves or purchased them through special exchange. It is considered safer because investors in the ETF do not have to hold their currency or risk alone to lose funds in all common hacks. SEC Authorized Bitcoin ETFS One day after hack, curiosity.

According to the Justice Department, the Council entered the SIM account using the SIM SMPP, in which the perpetrator uses social engineering to transfer the user’s phone number to the phone number to the phone number to a new device to a new device. Basically, they call for support line and use personal information about the victims they gathered online to convince the representative, they are the person they are aiming. After the perpetrators pick up the number and can start receiving text messages, they are able to reset passwords of accounting passwords to services like X. This in a traditional sense is not exactly “Hack” in the traditional sense that they do not find shortcomings in the software, but not investigate human trust.

Sim Replacement has become the main problem in recent years, infamously causing the major 2020 Twitter disorder This video infiltrators are taking over the accounts of major data such as President Obama. Similarly, in that case, the perpetrators were led by cryptocurst crook. SIM replacements are a favored method for wallet clipcurrency wallet, which are not protected by FDIC insurance. Once the stolen cryptocurrency funds, they are incredibly difficult (but not impossible) to return back, making them an ideal vector for fraud. Many international fraud is performed using cryptocurrency such as bitcoin and moorings because they do not touch the traditional banking system, which has many more provisions established to monitor money laundering and other suspicious activities. President Trump support for CRIPTO and evisceration The consumer protection bureau will probably not improve the situation.

Unfortunately for individuals like advice, all Bitcoin transactions are reported to the BlockCain to see, leaving the trail of circular crumbs for investigators to find. If he did it with a lot of crypto, it would be hard for it to be hidden forever.

The Council allegedly did not publish the message only on the MC’s KS account, but made the SIM Swap and remained the rest of the work with his associates who replaced the Council in the form of course Bitcoin. The price of cryptocurrency increased by $ 1,000 after a false announcement, according to the justice department and fell for $ 2,000 after SEC issued correction. It could lead to the great wind, depending on how much Bitcoin, the perpetrators held at that time. The Council faces five years in prison when he is convicted.

The Department of Justice in his press release does not speak whether he identified co-conspiracy, but the investigation remains in progress.