SEC Lawsuits Shake Confidence: DWF Labs Moves Millions to Exchanges, Impact on Altcoins

The lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against the giant cryptocurrency exchanges Binance and Coinbase, as well as the identification of several altcoins such as Solana (SOL), Cardano (ADA), and Cosmos (ATOM) as securities, are moving the confidence of investors in the cryptocurrency market towards worrisome levels. Gwei Research, formerly known as 8BTCnews, reported that DWF Labs, a global digital asset investment firm, amassed over $1.55 million worth of assets in twelve altcoins on centralized cryptocurrency exchanges (CEX). Here are those altcoins. DWF Labs Transfers Millions in 10 Altcoins to Exchanges According to Gwei Research, the global digital asset investment firm DWF Labs transferred from twelve altcoins including CEEK and LABS to exchanges. Referring to the transmission of on-chain data tracker Lookonchain, Gwei Research pointed out that DWF Labs transferred the aforementioned altcoins to multiple centralized cryptocurrency exchanges. According to on-chain data, the company deposited 4.25 […] The post SEC Lawsuits Shake Confidence: DWF Labs Moves Millions to Exchanges, Impact on Altcoins appeared first on COINTURK NEWS.