Tuesday, May 13, 2025
Coingeography
  • Home
  • About Us
  • Events List
  • Featured Projects
  • My Account
    Home / News Classic / Blog / SEC hacker counters prosecutors with 366-day sentencing recommendation
Blog
May 13, 2025 by Jade
Share this:
  • Facebook
  • Twitter
  • Google Plus
  • Pinterest
  • Email to a Friend

SEC hacker counters prosecutors with 366-day sentencing recommendation

Defense lawyers have asked a judge to sentence the person responsible for helping post a fake message announcing regulatory approval of Bitcoin exchange-traded funds to roughly a year in prison, countering prosecutors’ request for a two-year sentence.In a May 13 filing in the US District Court for the District of Columbia, Eric Council Jr.’s legal team asked that he be sentenced to no more than one year and one day in prison following his guilty plea. Council was part of a group that took control of the US Securities and Exchange Commission’s (SEC’s) X account in 2024 through a SIM swap attack, posting a message that suggested the regulator had approved spot Bitcoin (BTC) exchange-traded fund listings for the first time.“A sentence of twelve months and one day serves the ends of justice,” said the May 13 filing. “It sufficiently punishes the defendant for his role in this case. It also promotes respect for the law and deters future criminal conduct.”Eric Council Jr.’s sentencing recommendation, filed on May 13. Source: PACERCouncil initially pleaded not guilty to the charges, but changed his plea to guilty in February on one count of conspiracy to commit aggravated identity theft and access device fraud. The judge overseeing the case, Amy Berman Jackson, also ordered prosecutors to “identify the felony and point to where that information can be found in the record” by May 13.Prison sentence between 1 and 2 years?The SEC hacker is scheduled to be sentenced on May 16. Prosecutors asked the judge to impose a two-year sentence on Council, saying he “profited through a sophisticated fraud scheme.” Court filings showed he earned roughly $50,000 through similar SIM swap attacks.Related: ZKsync X hacker posts false SEC probe in apparent effort to crash tokenThough Council’s case was likely winding down with his upcoming sentencing hearing, the DC court district could soon be under new leadership, potentially affecting the prosecution of crypto-related cases. On May 8, US President Donald Trump announced that Fox News host Jeanine Pirro would become the interim US attorney for the District of Columbia.Magazine: SEC’s U-turn on crypto leaves key questions unanswered

Previous Post
Yuga Labs sells CryptoPunks IP to Infinite Node Foundation
Next Post
How to use tsUSDe on TON for yield-generating dollar savings

Leave a Reply - Cancel reply

You must be logged in to post a comment.

Converter
ADVERTISEMENT
ADVERTISEMENT
MOST READ
Latest
Blog
Bitcoin is one rally away from new highs, but overly euphoric bulls signal ‘overheating’ market
13 May, 2025
Blog
Altcoins’ roaring returns and falling USDT stablecoin dominance suggest ‘altseason’ is here
13 May, 2025
Blog
VanEck to launch its first RWA tokenization fund
13 May, 2025
Coingeography
About

Coingeography is web3 new portal powered by Corum8

Contact Us
JBR, Dubai, UAE
Get Direction
[email protected]
Monday - Saturday: 9am - 5pm
Subscribe to Newsletter

    ADVERTISEMENT
    Copyright © 2025 Corum8. All Rights Reserved.