According to Eric Balchunas, the 26-year-old individual who hacked the SEC’s X account just one day before the crypto ETF approval has been sentenced to 14 months in prison. This incident led to significant volatility in the cryptocurrency market, as traders reacted sharply to the unauthorized information released through the compromised account (Source: Eric Balchunas on Twitter, May 17, 2025). The rapid price swings highlighted the sensitivity of digital asset markets to official news channels and underscored the importance of secure communications for market stability. Crypto traders are advised to monitor official channels closely and be cautious of potential misinformation that can cause sudden market movements.