After Coinbase was sued by the SEC, cbETH worth $65.7 million has been redeemed

ChainCatcher news, according to data from Dune@21Shares, since the U.S. Securities and Exchange Commission (SEC) took enforcement action against Coinbase on June 6, a total of 35,810 cbETH has been redeemed, worth approximately $65.7 million. cbETH is the Ethereum staking token from Coinbase. Among them, the redemption amount on June 6 alone was 27,280 cbETH, worth about $49.1 million.

According to data from Nansen, the current amount of cbETH staked in Coinbase is 2.328 million, accounting for 10.3% of the total ETH staked. (source link)