hacker Eric Council Jr., who is suspected of invading the social media accounts of the US Securities and Exchange Commission (SEC) and posting content, may be fined $50,000 in a plea agreement. It is reported that US law enforcement agencies have proposed a plea agreement to him, requiring him to pay $50,000 of his "personal income." In January 2024, Council gained control of the SEC's X account through SIM card swapping and then posted false news claiming that SEC Chairman Gary Gensler had approved a spot Bitcoin ETF.