FBI Arrests Alabama Man for January SEC Hack Leading to Bitcoin Surge

According to BlockBeats, on October 17, the U.S. Department of Justice (DOJ) announced that the Federal Bureau of Investigation (FBI) has arrested an Alabama man in connection with a hacking incident targeting the U.S. Securities and Exchange Commission (SEC) in January 2024. This cyberattack had previously caused a significant spike in Bitcoin prices. In January 2024, hackers released a false news report claiming that the SEC was expected to make an announcement regarding Bitcoin. This misinformation led to a rapid increase in the cryptocurrency's value. An SEC spokesperson confirmed to The Guardian that the unauthorized post on the @SECGov account was not drafted or created by the SEC.