According to BlockBeats, on August 11, Justin Sun posted on the X platform, “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.”
“BTC 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, and are backed up in multiple countries and regions. My personal participation in WBTC is purely strategic. I do not control the private keys of the WBTC reserves, and I cannot move any BTC reserves.”
