This article is about blockchain, trading, and technology news. Here’s the summary:
Coinbase has caused a huge controversy with its decision to delist Wrapped Bitcoin (wBTC), which led to a $1 billion lawsuit from BiT Global Digital Limited. Coinbase announced in November that it would be delisting wBTC, a decision that was criticized by BiT Global, the co-custodian of wBTC’s reserves. BiT Global claimed that Coinbase’s move was aimed at promoting its own product, Coinbase Wrapped BTC (cbBTC).
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