—by Protos Staff
BiT Global cannot force Coinbase to relist WBTC in lawsuit yet
BiT Global’s motion for a temporary restraining order against Coinbase to relist WBTC was rejected by the judge.
BiT Global’s motion for a temporary restraining order against Coinbase to relist WBTC was rejected by the judge.
Coinbase’s response pointed out that the decision to delist WBTC was centered around the belief that Sun represented an “unacceptable risk.”
Justin Sun-affiliated BiT Global sued Coinbase over its decision to delist WBTC and favor its own competitor, cbBTC.
Wrapped Bitcoin has removed WBTC on Tron from its dashboard where it provides proof-of-reserves for the various forms of the token.
Justin Sun-advised HTX has redeemed thousands of wrapped bitcoin (WBTC), despite having no WBTC included in its proof-of-reserves.