๐ Coinbase's decision to delist Wrapped Bitcoin (wBTC) has stirred the crypto pot, leading to a $1 billion lawsuit from BiT Global Digital Limited. The Hong Kong-based exchange claims Coinbase is playing Monopoly with its own version, cbBTC. ๐ฒ
BiT Global alleges foul play, accusing Coinbase of trying to dominate the wrapped Bitcoin market. But Coinbase stands firm, citing listing standards. A federal judge recently sided with Coinbase, denying a restraining order.
Is this just the opening act of a crypto courtroom drama? Share your thoughts below!