Compound Labs CEO Denies Asking SEC To Reject BlackRock Spot Bitcoin ETF

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Compound Labs CEO Denies Asking SEC To Reject BlackRock Spot Bitcoin ETF – Crypto News

Published

3 years ago

November 29, 2023

Dripp

In a recent encounter, the CEO of Compound Labs Jayson Hobby has been accused of asking the SEC to reject BlackRock spot Bitcoin ETF in a comment letter. The comment letter was later highlighted by X user Pledditor on the microblogging site. Asking Jayson about the plot, Pledditor questioned Jayson Hobby by tagging him in the post.

Jayson: Hoax Email Against BlackRock Spot Bitcoin ETF

Replying to the same thread, Jayson denied the allegations that he didn’t send any email to the SEC. Expressing his frustration, he said that the mail had been sent by someone using his work email ID.

As the story unfolded, Jayson pointed out the system’s vulnerabilities. He stresses the ease with which fraudulent comments could be submitted to a federal office. He emphasized the lack of verification in the form submission process, raising concerns about the integrity of the regulatory system.

Pledditor expressed surprise at the incident and questioned the increasing number of such fraudulent approaches in the cryptocurrency field in a follow-up part. The user emphasized the authenticity of the fake letter written in Jayson Hobby’s name, raising further doubts about the reliability of BlackRock Spot Bitcoin ETF information.

Later, cryptocurrency enthusiast LukeYoungblood asked Jayson to submit his own letter to the SEC. Replying to that, Jayson said that the complaint is in progress.

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About The Email

The email had many negative remarks about the recent filling of BlackRock Spot Bitcoin ETF and Ethereum ETFs. It further noted concerns regarding hacking vulnerabilities linked with publicly traded Spot Bitcoin and Ether ETFs were raised.

Additionally, it emphasizes the lack of recourse for losses incurred as a result of poor compliance, controls, and regulatory monitoring in the crypto trading scene.

At last, the email raises a critical but overlooked risk of crypto provenance. Expressing doubts about the origin of coins or tokens owned by the trust and the potential for “reverse hacking” based on court orders. The email mentions a major hack affecting Oasis and Summerfi under a yet-to-be-released UK court order.

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