Coinbase Allowed to Remove wBTC: BiT Global's Legal Challenge Fails

- A federal judge in California denied BiT Global Digital Ltd.'s request for a temporary restraining order to prevent Coinbase from removing wrapped Bitcoin (wBTC) from its platform.

- Judge Araceli Martínez-Olguín stated that BiT Global did not provide sufficient evidence of "irreparable harm" if the removal continued.

- Coinbase stated that this decision stemmed from concerns about the connection to Justin Sun, the founder of Tron, who is facing fraud allegations by the SEC. ⚖️

- Paul Grewal, Coinbase's legal director, welcomed this decision, allowing the exchange to continue removing wBTC. 🚀