🚀 **Bitcoin Enthusiasts, Take Note!** 🚀

Justin Sun has stirred the pot again, calling Coinbase's new wrapped Bitcoin (cbBTC) a “dark day for BTC.” 🌑 According to Sun, cbBTC lacks proof-of-reserve, audits, and can freeze balances anytime, making it a risky proposition. He argues that this central bank-like control is the antithesis of Bitcoin’s decentralized ethos. 🏦❌

Coinbase launched cbBTC on Ethereum and Base on Sept. 12, but Sun warns DeFi protocols against integrating it due to potential security risks. He believes Satoshi Nakamoto would be appalled by this development. ⚠️

Stay vigilant, Bitcoiners! 🌟