Franklin Templeton Joins Bitcoin ETF Race, Former Celsius CEO Seeks FTC Case Dismissal, and Vitalik Buterin Confirms SIM-Swap Attack on Twitter Account
Summary:
Franklin Templeton files for Bitcoin ETF, while former Celsius CEO seeks dismissal of FTC case, and Ethereum co-founder Vitalik Buterin confirms SIM-swap attack on his Twitter account.
Franklin Templeton, a multi-trillion-dollar asset manager, has joined the race for a spot Bitcoin exchange-traded fund (ETF). The company has filed an official application with the Securities and Exchange Commission (SEC) to create a trust-based fund, with Coinbase as the Bitcoin custodian and Bank of New York Mellon as the cash custodian and administrator. The fund's shares would trade on the Cboe BZX Exchange. The SEC now has until October 16 to make a decision on the matter.
Meanwhile, former Celsius CEO Alex Mashinsky, who is currently on bail after facing charges of criminal fraud and market manipulation, is seeking to have the FTC case against him dismissed. Mashinsky's legal team argues that the allegations against him do not meet the standards required for a claim under the Gramm-Leach-Bliley Act. They also highlight that Mashinsky resigned from his position as CEO of Celsius before the complaint was filed. The FTC had previously fined Celsius Network $4.7 billion and filed a lawsuit against Mashinsky and the co-founders of Celsius.
Ethereum co-founder Vitalik Buterin has confirmed that his Twitter account was hacked as a result of a SIM-swap attack. This type of attack involves hackers gaining control of a victim's mobile phone number, allowing them to access various accounts linked to it. Buterin's account was taken over by scammers who posted a fake NFT giveaway, resulting in a loss of over $691,000 for victims. Buterin has since recovered his T-Mobile account and stated that the hacker had socially engineered T-Mobile to gain control of his phone number.
Published At
9/12/2023 5:49:35 PM
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