News with the tag "BitGlobal"

BA Labs, an advisor to DeFi lender Sky, says its concerns with Tron founder Justin Sun’s involvement in the custody of the Wrapped Bitcoin token have been addressed and new recommendations will be put to a vote on Oct. 3.

The vote was passed with 88% in favor of offloading WBTC collateral from the Sky lending platform.

Holding an open discussion on X, BitGo’s Mike Belshe joined Justin Sun, BitGlobal representatives, and original WBTC contributor Meow to address concerns about WBTC custody changes. Earlier this week, BitGo announced changes to WBTC’s existing custody model that included distributing influence acros...