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VIDEO: Unpacking Justin Sun’s messy WBTC deal with BitGo

Justin Sun’s deal to become involved with BitGo and wrapped bitcoin (WBTC) has drawn more attention to his own exchanges.

Justin Sun reveals Poloniex issues prevent proof of reserves

Poloniex has a page on its website titled ‘Proof of Reserves,’ but this only shows how much Tron is on the platform.

Coinbase’s new wrapped bitcoin product, cbBTC, has attracted criticism from Justin Sun, despite similar problems for his product.

Despite Sun and USDD’s claims that it is governed by a DAO, there are no governance votes that seem to correspond to the change.

MakerDAO has passed an executive vote to disable future WBTC borrows after it was revealed that Justin Sun will soon be involved.