Alleged Bitcoin crook faces 5 years after SEC's X account pwned

An Alabama man faces five years in prison for allegedly attempting to manipulate the price of Bitcoin by pwning the US Securities and Exchange Commission's X account earlier this year. The feds arrested 25-year-old Eric Council Jr this week over the alleged conspiracy, which was said to be supported by other unnamed …

[Pascal Monett]

Okay, one question

What the ever-loving fuck is the SEC doing on X ?

Doesn't it have a spokesweb thingy ?

Is there anyone who pays attention to official channels anymore ?

Does "official channel" still have meaning ?

[Guy de Loimbard]

Re: Okay, one question

Indeed Pascal.

One does have to wonder at the need for SEC to be smashing out short dits about their work.

Most of their documents go WAY beyond the character limit!! :)

[Guy de Loimbard]

I could mention something about bitcoin....

But it will bring on a load of down votes from the Crypto fanbois!!

Bring it on! :)

[Marty McFly]

Rubbish!

The claim is the perp caused a "spike" of $1000 in value.

In the last 24 hours, Bitcoin has varied between $66,800 and $68,100. Moving $1000 is not a "spike", that is just what happens on a Friday.

[Nik 2]

Re: Rubbish!

But if you know which way the next $1000 move is going to be, you have a distinct advantage over everyone else.

[Yet Another Anonymous coward]

Re: Rubbish!

If you have total control over SEC's announcements to millions of people you would think you can do more than shift BITCOIN $1000

[Anonymous Coward]

Re: Rubbish!

"Bitcoin has varied between $66,800 and $68,100" ... so how many comments from El Reg readers who remember buying Pizzas? An anonymous reply because a bitcoin these days (after about 15 years) helps the owners buying the Pizza Shops, not just a pizza.

I sold all my bitcoins years ago and totaled less than half the price of one bitcoin today, but I can still afford a local pizza occasionally.

[Fruit and Nutcase]

searched 'signs the FBI is after you'

Alleged Bitcoin hacker searched 'signs the FBI is after you'

"how can I know for sure if I am being investigated by the FBI,"

https://www.bbc.co.uk/news/articles/c20pvkg35xyo

I guess now he knows for sure

[Anonymous Coward]

Re: searched 'signs the FBI is after you'

Does make me want to search for that now.

Of course this wouldn't have been much use to the FBI because of course they couldn't have got a warrant for his search history until they had a case against him to take to a judge.

It's not like the FBI get a constant update of all the 'suspicious' searches of millions of innocent citizens

#include "clash_lyrics.h"

[TeeCee]

Re: searched 'signs the FBI is after you'

Maybe he's Russian?

After all everyone knows that, in Russia, FBI is searched for by you!

[Brave Coward]

Seriously?

'The FBI and our partners will continue to investigate and hold accountable those who attempt to manipulate financial markets for their own gain.'

No, seriously?

Then I'm afraid you'll have to close the whole of that Wall Street building...

[amanfromMars 1]

Well, .... there you have it .... the answer that defines and resolves the question

Global markets are moved, both up and down, via private statements not necessarily honest and true to public bodies.

Is that tantamount to systems being scammed/pwnd? That’s one helluva right royal exploit with more than just few catastrophic vulnerabilities to explore and export to cause all manner of mayhem and madness with CHAOS* Command and Control to explode and implode platforms and systems with honest information and true intelligence.

* Clouds Hosting Advanced Operating Systems

Ladies and Gentlemen, Start urEngines. Let the Greater IntelAIgent Games Begin, Expand and Prosper.