Imagine someone hacking into the SEC's Twitter account! That's what happened. A guy named Eric Council helped post a fake message saying the SEC approved Bitcoin ETFs (special ways to invest in Bitcoin). This caused a big jump in Bitcoin's price, but it was all a lie.
- Hackers took control of the SEC's Twitter account.
- They posted fake news about Bitcoin ETFs.
- Bitcoin's price went up briefly because of the fake news.
- Eric Council might have to pay $50,000 and could go to prison.
| Fact | Detail |
|---|---|
| Fake News | Said the SEC approved Bitcoin ETFs. |
| Bitcoin Price Jump | Over $1,000 after fake news. |
| Possible Fine | $50,000 |
| Possible Prison Sentence | At least 2 years |
