On the 12th (local time), the prosecution requested that Amy Verma, Jr. be sentenced to two years in prison.
The judge asked Judge Amy Berman Jackson to sentence Council to two years in prison for hacking the SEC's X account.
In January of last year, he is accused of posting a false post on the SEC’s OfficialX account claiming that the SEC had approved a Bitcoin spot exchange-traded fund (ETF).
The video was uploaded just one day before the official announcement, causing confusion in the market, and Council was subsequently arrested. The prosecution said, "This case requires a prison sentence based on the sentencing guidelines," and "The defendant used an elaborate fraud scheme.
They used the internet to create fake IDs, provided false information at telecommunications company stores, and provided reset codes for passwords on victims' online accounts to accomplices in the United States and abroad.
"Such conduct should be severely punished," he said. As of the 12th, the council's lawyers have yet to submit a statement of their opinion on the prosecution's sentencing recommendation.
He is scheduled to appear before Judge Jackson on the 16th of this month.
2025/05/13 12:38 KST
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