Data: Coinbase has redeemed cbETH worth $65.7 million after being sued.
According to data from Dune@21Shares, as reported by BlockBeats on June 8th, since the US Securities and Exchange Commission (SEC) took enforcement action against Coinbase on June 6th, a total of 35,810 cbETH tokens, worth approximately $65.7 million, have been redeemed. cbETH is Coinbase's Ethereum staking token. Of these, 27,280 cbETH tokens, worth approximately $49.1 million, were redeemed on June 6th alone.