Federal authorities announced Thursday the arrest of a man in Alabama, accusing him of participating in the hack of the U.S. Securities and Exchange Commission X account earlier this year. Eric Council Jr. was indicted in connection with the SEC X account hack, which happened on January 9, when the account published a post falsely announcing that the Commission had approved Bitcoin ETFs to be listed in securities exchanges in the country, a post that increased the price of Bitcoin by $1,000, according to a press release by the U.S. Attorney’s Office in the District of Columbia. According to the indictment against Council, he worked with other unnamed co-conspirators to perform a SIM swap on the phone account of a person who had access to the SEC X account, only identified as “C.L.”.