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Launch of cbBTC, WBTC competitor, sparks Justin Sun hypocrisy

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

Justin Sun’s USDD removes 12,000 BTC without DAO approval

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.

BiT Global, BitGo, and Justin Sun are launching a new joint venture for WBTC, but a deeper review of BiT Global finds other ties to Sun.

Justin Sun is now involved with the WBTC products offered by BitGo, but his history with this type of product raises concerns.