Summary
- Coinbase stated that the delisting of wBTC is due to the unacceptable risks posed by Justin Sun.
- Coinbase questioned the credibility of BitGlobal, stating that they did not receive answers regarding the partnership procedures.
- BitGlobal filed a lawsuit claiming that wBTC was unfairly delisted in favor of cbBTC.
Cryptocurrency exchange Coinbase has abruptly delisted Wrapped Bitcoin (wBTC), intensifying its conflict with BitGlobal.
On the 17th (local time), according to cryptocurrency exchange CoinDesk, Coinbase stated in court documents that "the reason for delisting wBTC is Justin Sun. In the United States, Justin Sun is considered a person who poses unacceptable risks."
Furthermore, Coinbase expressed doubts about the credibility of BitGlobal, which has partnered with Justin Sun, stating, "We have not received any answers regarding the exact procedures of their partnership. After this investigation, we determined that there are potential risks with wBTC."
Previously, on the 14th, BitGlobal, the operator of wBTC, filed a lawsuit claiming that Coinbase unfairly delisted wBTC in favor of cbBTC (Coinbase Wrapped Bitcoin).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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