Investors have been faced with a rocky road in relation to
wBTC, as the token has undergone numerous events. The prominent cryptocurrency exchange
Coinbase has faced a mounting backlash regarding its decision to delist
wBTC, inciting a potentially damaging
$1 Billion lawsuit from
BiT Global. Accusations against
Justin Sun have shaped the discourse surrounding Coinbase's decision. Despite multiple attempts by BiT Global to prevent the delisting, the judge has ruled in favor of Coinbase. Amid these controversies,
World Liberty Financial, backed by Trump, has chosen to swap all its Coinbase BTC for
wBTC. As these events unfold,
wBTC continues to bring broader access to Bitcoin on the Ethereum network and in DeFi projects. In the backdrop of this legal battle, however,
Coinbase is shifting its focus on its own Wrapped Bitcoin Product. This action has led to price volatility, with
wBTC experiencing a flash crash on the Binance exchange.
WBTC Coin News Analytics from Mon, 12 Aug 2024 07:00:00 GMT to Sat, 28 Dec 2024 16:18:45 GMT -
Rating -2
- Innovation 0
- Information 8
- Rumor 5
