Coinbase Says Justin Sun ‘Unnacceptable Risk’ to Wrapped Bitcoin After Delisting wBTC

Description

Crypto exchange Coinbase has cited risks linked to Tron-founder Justin Sun during a lawsuit over its delisting of Wrapped Bitcoin ( wBTC ). In a recent complaint, the wBTC custodian and Sun-affiliated BiT Global accused Coinbase of using wBTC – the tokenized representation of Bitcoin ( BTC ) on the Ethereum ( ETH ) blockchain – as a “cash grab” before delisting it and replacing it with its own version of the asset. Said the complaint, “In the case of wrapped Bitcoin, Coinbase viewed it as just a...