Coinbase has rebutted the lawsuit from BiT Global, an entity related to Justin Sun, challenging the exchange's decision to delist Wrapped Bitcoin (WBTC).

- Paul Grewal, Chief Legal Officer of Coinbase, announced on X that the company has responded to BiT Global's efforts to prevent the delisting of WBTC, claiming that these allegations are baseless.

- Coinbase defends its decision, stating that BiT Global has not clarified ownership structure or addressed concerns regarding Justin Sun's involvement. The company argues that his influence could pose risks to customers and the integrity of the platform.

- Coinbase also dismisses allegations of financial and reputational damage, asserting that WBTC accounts for less than 1% of their trading volume. The company emphasizes that the loss of trust in the product stems from its association with Sun rather than the delisting decision.

- Coinbase asserts that its actions are legal to protect itself and its customers, while also dismissing legal claims from BiT Global.