The SECapproved Bitcoin ETFsone day after the hack, curiously.
Similarly, in that case, the perpetrators were running a cryptocurrency scam.
SIM swaps are a favored method to hijack cryptocurrency wallets, which are not protected by FDIC insurance.
An Alabama man faces up to five years in prison after pleading guilty over hijack of SEC’s X account.Spencer Platt/Getty
That could have led to a big windfall depending on how much Bitcoin the perpetrators held at the time.
Council faces up to five years in prison when he is sentenced.
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Justice Department Says It Will Pull Back on Prosecuting Crypto Fraud
What could go wrong?
