In a dramatic courtroom revelation, a 25-year-old Alabama resident, Eric Council Jr., admitted guilt in a cybercrime case that shook financial markets. He confessed to hacking the Securities and Exchange Commission's X account, an action that temporarily spiked Bitcoin prices by $1,000, only for them to drop $2,000 after the SEC refuted the announcement. Profiting $50,000 from this scheme, Council faces serious legal consequences, including a hefty fine and a potential five-year prison sentence, with the verdict due on May 16.