FBI agents on Thursday morning arrested a 25-year-old Alabama man on charges related to the hack in January of the Securities and Exchange Commission’s X account, which led to the price of bitcoin spiking by more than $1,000, the Department of Justice announced.

Shortly afterward, the SEC regained control of its social media account, and announced the tweet was false and due to a hack.

“Following this corrective disclosure, the value of BTC decreased by more than $2,000 per bitcoin,” the DOJ noted.