Big news about Bitcoin! A man named Eric Council tricked the SEC (that's the government group watching over money stuff) and pretended to announce that Bitcoin was officially approved for special investing accounts. This wasn't true, but it caused a big stir!
He did this by hacking the SEC's Twitter account (now called X). This is illegal, like stealing.
Council will admit he did it and give up $50,000.
- Council used a fake ID to get into the SEC's account.
- His fake post made the price of Bitcoin jump up for a little while.
- He'll be sentenced in May.
| Fact | Detail |
|---|---|
| Amount of money forfeited | $50,000 |
| Crime | Hacking and fraud |
| Sentencing date | May 16 |
