Bitcoin24h $96,784.72-1.75%

Ethereum24h $2,785.40+1.16%

XRP24h $2.60-1.41%

BNB24h $659.25-0.34%

Solana24h $173.60-0.67%

Dogecoin24h $0.2464-3.14%

Cardano24h $0.7758-3.83%

TRON24h $0.2362-3.51%

Chainlink24h $17.82-3.60%

Avalanche24h $25.86+0.72%

Coinbase takes aim at Justin Sun in WBTC lawsuit response

Coinbase’s response pointed out that the decision to delist WBTC was centered around the belief that Sun represented an “unacceptable risk.”

Coinbase sued over WBTC delisting by Justin Sun-affiliated BiT Global

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.

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