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What action will SEC take regarding social media security by end of 2024?
2
Alabama•Eric Council Jr•Athens•FBI•Securities and Exchange Commission•SEC•Council•Gary Gensler•Bitcoin•AGiantSchnauzer•Easymunny
Resolution / Starting Odds
New security measures implemented • 25%
No change in security measures • 25%
Outsourcing social media management • 25%
Other actions taken • 25%
Official announcements or press releases from the SEC
Story
FBI Arrests Alabama's Eric Council for Hacking SEC's X Account with Fake Bitcoin ETF Approval
Oct 17, 2024, 04:04 PM
An Alabama man, 25-year-old Eric Council Jr from Athens, was arrested by the FBI for allegedly hacking the Securities and Exchange Commission's (SEC) X account on January 9, 2024. Council reportedly used a SIM swap attack to post a fake announcement from SEC Chair Gary Gensler about the approval of spot Bitcoin Exchange-Traded Funds (ETFs), causing Bitcoin's price to spike by $1,000. Operating under the online aliases "AGiantSchnauzer" and "Easymunny," he faces charges of conspiracy to commit aggravated identity theft and access device fraud, and could face up to five years in prison if convicted.
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New lawsuit against another exchange • 25%
New regulations for crypto assets • 25%
Settlement with another major exchange • 25%
Other • 25%
Issue new regulations • 25%
Classify tokens as non-securities • 25%
Both • 25%
Neither • 25%
Introduction of new regulations • 25%
Issuance of new guidelines • 25%
Filing of new lawsuits • 25%
Other • 25%
Introduce new regulations • 25%
Modify existing regulations • 25%
Rescind existing regulations • 25%
No major action • 25%
Issue new guidelines • 25%
Appeal the ruling • 25%
No further action • 25%
Other • 25%
New lawsuit against another firm • 25%
New regulations introduced • 25%
Guidance issued without legal action • 25%
No action taken • 25%
New regulations • 25%
New investigations • 25%
Settlement agreements • 25%
Jurisdiction clarification • 25%
Recordkeeping failures • 25%
Insider trading • 25%
Market manipulation • 25%
Other • 25%
FBI • 25%
Department of Homeland Security • 25%
SEC Internal Investigation • 25%
Other Agency • 25%