According to ChainCatcher, Justin Sun posted on social media: “Recently, I heard that the community has some concerns about my participation in multiple projects including WBTC. I would like to clarify the following points:

WBTC remains unchanged from before. Audits are conducted in real time and can be accessed at http://wbtc.network. The minting process is managed entirely by custodians Bitglobal and Bitgo following the same procedures as before. In short, Bitglobal and Bitgo will not sign any unaudited transactions. Keys are still protected using the same Bitgo cold wallet technology and offline keys as before, with backups in multiple countries and regions.

My personal involvement in WBTC is purely strategic. I do not control the private keys to the WBTC reserves and cannot move any BTC reserves.”