Lido's $LDO token tanked 10% following rumors that the decentralized staking service may be facing SEC scrutiny. skesslr reports
. “While there is at least one confirmed Wells Notice that *has* gone out recently, that *isn't* known to the public, the idea of a mass recent carpet bomb isn't correct,” he tweeted.
It is unclear how the SEC would have delivered notice to Lido. The staking service is technically operated by the Lido DAO , meaning it is governed by a vast network of Lido’s LDO token-holders and lacks a formal leadership structure.
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