Coinbase executive: Richard Heart's associated wallet holds over 700 million DAI, accounting for 15.5% of the circulating supply

ChainCatcher news, Coinbase executive Conor Grogan stated on social media that Richard Heart's address currently holds at least 703 million DAI, accounting for 15.5% of the DAI circulation.

ChainCatcher previously reported that the U.S. Securities and Exchange Commission (SEC) has sued Richard Schueler (also known as Richard Heart), accusing him of selling unregistered securities in violation of federal securities laws. According to the SEC, Heart raised over $1 billion by selling tokens for these projects.