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WBTC was delisted and sued! Coinbase responds: We cannot accept the risks of Justin Sun
Coinbase responds to wBTC lawsuit
Coinbase has responded to a lawsuit filed by Justin Sun-related company BiT Global. The lawsuit seeks an emergency injunction to keep wBTC, the first and largest tokenized product of Bitcoin, on the largest cryptocurrency exchange in the United States.
Coinbase General Counsel Paul Grewal said on the X platform
“We have filed a response to BiT Global’s lawsuit, which seeks to prevent us from delisting wBTC without any investigation or even a formal response to its false accusations. We set out why this lawsuit has absolutely no merit. , and why their request for a "temporary restraining order" should be denied."
Coinbase has responded to a lawsuit filed by Justin Sun-related company BiT Global. The lawsuit seeks an emergency injunction to keep wBTC, the first and largest tokenized product of Bitcoin, on the largest cryptocurrency exchange in the United States.
Coinbase General Counsel Paul Grewal said on the X platform
“We have filed a response to BiT Global’s lawsuit, which seeks to prevent us from delisting wBTC without any investigation or even a formal response to its false accusations. We set out why this lawsuit has absolutely no merit. , and why their request for a "temporary restraining order" should be denied."
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