Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

SEC Twitter Hacker arrested, the man behind Bitcoin value spike in January 2024

Source Cryptopolitan

A 25-year-old hacker, Eric Council Jr. was arrested today for his unauthorized control over SEC’s X account in January 2024. The hack ended up in spiking the price of Bitcoin by $1000. Later it dropped back by $2000.

The hacker had made a fake post from the SEC Chair. The post gave fraudulent approval to Bitcoin ETFs stating “Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges.”

It was announced in the press release by U.S. Department of Justice (DOJ) that the hacker has been arrested for conspiring to commit identity theft and performing device fraud. Furthermore, it was mentioned that the hacker used an unauthorized SIM swap to access the SEC account, which allowed his group members to post fake announcements.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

TSMC Stock Jumps After Earnings Beat and Strong Q4 Guidance Insights - On October 17, TSMC (TSM) released its financial results for the third quarter of 2024.The company reported Q3 revenue of NT$759.69 billion, surpassing the market expectation of NT$751.06

Author Mitrade

11 hour ago

Insights - On October 17, TSMC (TSM) released its financial results for the third quarter of 2024.The company reported Q3 revenue of NT$759.69 billion, surpassing the market expectation of NT$751.06

Jefferies starts coverage of exposure management stocks. Here are their top picks Investing.com -- Jefferies began coverage of exposure management stocks on Wednesday, citing “reason for optimism” within the sector despite cyclical headwinds.

Author Investing.com

16 hour ago

Investing.com -- Jefferies began coverage of exposure management stocks on Wednesday, citing “reason for optimism” within the sector despite cyclical headwinds.

Staked Ethereum dominated by top 10 entities with the biggest influence Ethereum staking has evolved in the past year, but a large share of the staked coins are controlled by only 10 entities. The popularity of liquid staking and the first-mover advantage of some protocols meant not all validators were created equal when it comes to holding ETH.

Author Cryptopolitan

16 hour ago

Ethereum staking has evolved in the past year, but a large share of the staked coins are controlled by only 10 entities. The popularity of liquid staking and the first-mover advantage of some protocols meant not all validators were created equal when it comes to holding ETH.

USD/JPY holds below 149.50 ahead of US Retail Sales data The USD/JPY pair weakens to around 149.40 despite the stronger US Dollar (USD) during the Asian trading hours on Thursday. The US Retail Sales data will take center stage later on Thursday, which is estimated to rise to 0.3% in September from 0.1% in the previous reading.

Author FXStreet

16 hour ago

The USD/JPY pair weakens to around 149.40 despite the stronger US Dollar (USD) during the Asian trading hours on Thursday. The US Retail Sales data will take center stage later on Thursday, which is estimated to rise to 0.3% in September from 0.1% in the previous reading.

Why Cisco Systems Stock Zoomed More Than 4% Higher Today An analyst recommendation upgrade was the news propelling the stock of Cisco Systems (NASDAQ: CSCO) skyward on Wednesday. Investors took the bullish new rating to heart, pushing into shares of the veteran computer networking company and sending them more than 4% higher in price.

Author The Motley Fool

16 hour ago

An analyst recommendation upgrade was the news propelling the stock of Cisco Systems (NASDAQ: CSCO) skyward on Wednesday. Investors took the bullish new rating to heart, pushing into shares of the veteran computer networking company and sending them more than 4% higher in price.

Popular Symbols