• Contact Us
  • Press Release
Marketcap
Advertise
BitCoinist News
No Result
View All Result
  • Home
  • Bitcoin
    • News
    • Price
    • Businesses
    • Technology
    • Investment
    • Regulations
    • All Bitcoin News
  • Altcoins
    • News
    • Ethereum
    • Litecoin
    • Ripple
    • EOS
    • All Altcoin News
  • Technology
    • Blockchain
    • Fintech
    • Security
  • Industry
  • How-To
  • Events
  • Press Release
Presale
  • Home
  • Bitcoin
    • News
    • Price
    • Businesses
    • Technology
    • Investment
    • Regulations
    • All Bitcoin News
  • Altcoins
    • News
    • Ethereum
    • Litecoin
    • Ripple
    • EOS
    • All Altcoin News
  • Technology
    • Blockchain
    • Fintech
    • Security
  • Industry
  • How-To
  • Events
  • Press Release
No Result
View All Result
BitCoinist News
No Result
View All Result

SEC hacker counters prosecutors with 366-day sentencing recommendation

May 13, 2025
in Regulations
0 0
0
Home Bitcoin Regulations
Share on FacebookShare on Twitter


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: PACER

Council 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 token

Though 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



Source link

Tags: 366daycountershackerprosecutorsrecommendationSECsentencing
Previous Post

How to Use tsUSDe on TON for Passive Dollar Yield in 2025

Next Post

Yuga Labs sells CryptoPunks IP

Related Posts

Will Bitcoin hodlers be the reason more countries adopt wealth taxes?
Regulations

Will Bitcoin hodlers be the reason more countries adopt wealth taxes?

May 12, 2025
UK to become ‘safe harbor’ for crypto with new draft rules — Experts
Regulations

UK to become ‘safe harbor’ for crypto with new draft rules — Experts

May 10, 2025
US VP Vance to speak at Bitcoin conference amid Trump crypto controversies
Regulations

US VP Vance to speak at Bitcoin conference amid Trump crypto controversies

May 9, 2025
Senator Tim Scott slams partisan politics for failed stablecoin bill
Regulations

Senator Tim Scott slams partisan politics for failed stablecoin bill

May 9, 2025
Missouri bill ending capital gains tax heads to governor for signature
Regulations

Missouri bill ending capital gains tax heads to governor for signature

May 8, 2025
Trump memecoin dinner attendees could include foreign nationals — Report
Regulations

Trump memecoin dinner attendees could include foreign nationals — Report

May 7, 2025
Next Post
Yuga Labs sells CryptoPunks IP

Yuga Labs sells CryptoPunks IP

Revolutionizing Decision Making: The Rise of Reasoning AI Agents

Revolutionizing Decision Making: The Rise of Reasoning AI Agents

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST UPDATE

  • Plutus Launches PLUS More on Base: A New Era of Tokenised Loyalty Rewards
  • Two Major Fibonacci Levels Put XRP Price At $8.40 And $27
  • VanEck to launch its first RWA tokenization fund
  • Revolutionizing Decision Making: The Rise of Reasoning AI Agents
  • Yuga Labs sells CryptoPunks IP
BitCoinist News

BitCoinist News delivers the latest updates, trends, and insights from the world of cryptocurrency, blockchain, and finance. Stay informed with expert analysis and in-depth coverage on Bitcoin, Ethereum, and emerging digital assets.

BITCOIN

  • News
  • Businesses
  • Technology
  • Investment
  • Regulations

ALTCOIN

  • News
  • Price
  • Ripple
  • Litecoin
  • EOS

CATEGORIES

  • Technology
  • Blockchain
  • Fintech
  • Security
  • Press Release
  • How-To
  • About Us
  • Advertise With Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 Bitcoinist News.
Bitcoinist News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Bitcoin
    • News
    • Price
    • Businesses
    • Technology
    • Investment
    • Regulations
    • All Bitcoin News
  • Altcoins
    • News
    • Ethereum
    • Litecoin
    • Ripple
    • EOS
    • All Altcoin News
  • Technology
    • Blockchain
    • Fintech
    • Security
  • Industry
  • How-To
  • Events
  • Press Release

Copyright © 2025 Bitcoinist News.
Bitcoinist News is not responsible for the content of external sites.