Franklin

2024

A known cryptocurrency investor has resumed his lawsuit against AT&amp;T a multinational telecommunication company based in Downtown Dallas. Michael Terpin claims the operators neglected to protect his data resulting in losses of over $20 million in cryptocurrencies.&nbsp;
The lawsuit came into the mainstream when Terpin filed a case against a high school passed over the allegation of stealing $24 million using a SIM swap technique. When Ellis Pinsky (main accused) and his acquaintance offered a bribe to an employee of AT &amp; T to help them gain the information of the investors using SIM swap.&nbsp;
After gathering the crucial information about Terpin the teenager bypassed the two-factor authentication and gained access to his wallet holding cryptocurrencies.&nbsp;
It is crucial to note that the alleged thief lost the case in 2019 and since then he has paid $2 million to the victim and also agreed to act as an informant in the case against AT &amp; T.&nbsp;
In the past few years, the issues related to SIM swapping and cloning have surged significantly, yet there is a need for a strict approach in order to protect users’ data and other linked accounts.&nbsp; AT &amp; T(NYSE:T)&nbsp; stock price updates&nbsp;&nbsp; 
When writing, AT&amp;T (NYSE: T) was trading at $22.19 after adding 2.64% in a week and surged over 12.50% in the past 30 days. At the same time, the stock prices were trading above 20, 50, 100, and 200 days EMA.&nbsp; Source: TradingView 
Compared to the market capitalization in 2023 the cap of AT&amp;T surged over 32% in 2024 reaching $159.10 billion making it the 95th most valuable company by market cap. The nearest visible resistance of T stock is $22.34 followed by $22.92; however, its first support is $20.50 followed by $19.92.&nbsp;
Data available on TradingView states that 7.15 billion T shares are free-floating and the remaining 20.62 million are closely held.&nbsp;
In Q2, 2024 AT &amp; T reported EPS&nbsp; was $0.75 (earnings per share) however the expected EPS for 2024 is $2.20. There are expectations that the company might report $122.59 billion in revenue.&nbsp;&nbsp;&nbsp; Other crypto market news updates 
On October 03, 2024, <a href="https://news.todayq.com/asset-manager-franklin-templeton-files-for-btc-eth-index-etf/" target="_blank" rel="noopener noreferrer nofollow">Todayq </a>reported that Franklin Templeton, a leading asset manager, has recently filed a proposal to the US SEC to launch a Bitcoin and Ethereum index ETF.&nbsp;
Additional information notes that the Bitcoin &amp; Ethereum Crypto Index ETF by Franklin Templeton will enable investors to gain exposure to BTC and Ether in a single fund.&nbsp;
In a major action, the <a href="https://news.todayq.com/australian-police-bust-crypto-scam-recover-9-3-million/" target="_blank" rel="noopener noreferrer nofollow">Australian </a>Police Department busted a scam recovering $9.3 million in cryptocurrencies. In August the enforcement agency arrested Jay Je Yoon&nbsp; Jung over the charges of association with the fraudulent scheme.&nbsp;
Scammers and bad actors have been troubling digital assets at the verge; since the beginning of 2024 till writing the market lost over 1.25 billion in digital. Alone in the market saw a wipeout of&nbsp; $750 million across 155 security incidents.&nbsp; Crypto market price updates&nbsp; 
The growing geopolitical tension hurt the market sentiments until publishing the fear and greed index was 36 determining fear among crypto investors. At the same time, the cryptocurrency market was $2.01 trillion as it declined 1.25% in the past 24 hours and over 5% in the past seven days.&nbsp;
Bitcoin was trading at $60,532 in the past 24 hours it fell 0.94% and its trading volume reached $41,110,704,498 after falling 19%, the market cap was $1,195,918,442,019 falling 1.21%.&nbsp;

Michael Terpin vs. AT&T: a $24m crypto lawsuit over sim swap

Todayq News

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