🚨 Crypto Drama Alert! 🚨
Coinbase is in hot water, facing a $1 billion lawsuit from BiT Global Digital Limited. The drama unfolded after Coinbase delisted wrapped Bitcoin (wBTC) in November, allegedly to promote its own version, cbBTC. BiT Global claims this move was a plot twist worthy of a blockbuster, causing financial chaos and shaking trust in wBTC.
- Lawsuit accuses Coinbase of monopolizing the wrapped Bitcoin market.
- Allegations include predatory practices and misleading statements.
- Filed in California by Kneupper & Covey.
Is this a crypto conspiracy or just business as usual? Share your thoughts below! 💬