Bitcoin24h $108,169.97-0.29%

Ethereum24h $2,516.19-0.73%

XRP24h $2.22-0.33%

BNB24h $655.09-0.43%

Solana24h $148.07-1.15%

TRON24h $0.2838-0.62%

Dogecoin24h $0.1639-1.00%

Cardano24h $0.5736-0.71%

Hyperliquid24h $39.51+2.92%

Sui24h $2.90-0.20%

Justin Sun’s HTX redeems $500M in WBTC it wasn’t supposed to have

Justin Sun-advised HTX recently redeemed approximately $500 million worth of WBTC, despite having no WBTC on its proof-of-reserves.

Coinbase to delist WBTC months after Justin Sun controversy

Coinbase has announced that it intends to delist Wrapped Bitcoin (WBTC) from December 19 because it no longer meets the listing requirements.

Since WBTC announced that Justin Sun would be involved in custody, several competitors have launched or taken advantage of the opportunity.

Of Poloniex’s last 100 listings, 94 of them are so-called ‘memecoins,’ many of questionable quality or legality.

Poloniex has withdrawn from Staked USDT (stUSDT) on Ethereum, vastly dropping the utilization of the protocol.