$0.78
1H
0.91%$0.0070
24H
-15.7%$0.1447
7D
-10.3%$0.0895
30D
-31.0%$0.3487
Do Kwon’s lawyers indicated that Coinbase does not list securities, and the SEC has not been granted the powers by Congress to regulate digital assets as securities or commodities.
Korean officials have linked approximately 91.4 billion won, worth about $69 million, in digital assets directly to Do Kwon.
Like many stablecoins, BTG Dol token is also pegged to the US dollar.
Usually, Montenegro authorities typically allot detention for up to 72 hours. However, Kwon’s 30-day extension has been approved after authorities highlighted the greater possibility of an escape.
The news has already stirred the crypto ecosystem with many of the affected holders of LUNA yet to recover their losses.