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The auction will follow a "blind auction" format, which differs from the direct sales methods used in previous transactions.

FTX plans new Solana token auction amid bankruptcy proceedings

The regulatory body has proposed barring Kwon from holding any executive role in the securities industry and mandates a full disclosure of his financial dealings and assets.

SEC seeks $5.3B from Terraform and executive ban on Do Kwon

The halving event effectively reduced the Bitcoin block reward from 6.25 $BTC to 3.125 $BTC, exacerbating competition among transactions on 20 April.

Bitcoin halving sets new milestone with $107.7M in mining revenue