Alabama man arrested in SEC social media account hack that led the price of bitcoin to spike

An Alabama man has been arrested for his alleged role in the January hack of a U.S. Securities and Exchange Commission social media account that led the price of bitcoin to spike, the Justice Department said. Eric Council Jr. is accused of helping to break into the SEC’s account on X, formerly known as Twitter, allowing hackers to prematurely announce the approval of long-awaited bitcoin exchange-traded funds. The price of bitcoin briefly spiked more than $1,000 after the post.

Pluralistic: How a billionaire’s mediocre pump-and-dump “book” became a “bestseller” (15 Feb 2024) – Pluralistic: Daily links from Cory Doctorow

Sam Bankman-Fried will appeal his 25-year sentence – live

Sentence for former CEO of now-bankrupt FTX cryptocurrency exchange is lower than the 4-50 years prosecutors asked for

Binance crypto chief Changpeng Zhao pleads guilty to federal charges

The deal ends the Justice Department’s three-year investigation of Binance. Regulators accused the firm of operating as an unregistered securities exchange.

Sam Bankman-Fried Sues Insurer to Cover Defense Costs in New York Criminal Trial, Other Litigation | The Recorder

According to a complaint filed in the Northern District of California federal court, an insurance company must pay for his legal defense without regard to whether payments may exhaust the policy limit.”

JPMorgan's UK bank Chase to ban crypto transactions

JPMorgan's <a href="https://www.reuters.com/markets/companies/JPM.N" target="_blank">(JPM.N)</a> British retail bank Chase will ban crypto transactions made by customers from Oct. 16 due to an increase in fraud and scams, the company said on Tuesday.

Elon Musk Changes Twitter’s Logo to an X

The tech billionaire replaced the company’s blue bird silhouette with “X,” a term for what he has described as an “everything app.”