$BTC

$BTC

Breaking news!

Coinbase makes a shocking decision!

Because of Sun Yuchen's "unacceptable risk"!

The removal of wBTC has caused a stir in the cryptocurrency community!

According to CoinDesk's authoritative report, Coinbase (COIN.O) suddenly announced that it would officially remove wBTC due to the "unacceptable risk" brought by Sun Yuchen! This news instantly detonated the entire network, triggering countless speculations and heated discussions! Last week, BiT Global, the issuer of wBTC, launched a large-scale lawsuit, pointing the finger at Coinbase, accusing it of favoring its competitor cbBTC. This lawsuit is like a bombshell, shaking the entire cryptocurrency community!

However, Coinbase did not sit idly by. In a 25-page official response, Coinbase finally revealed the real reason for removing wBTC - Sun Yuchen! This crypto billionaire, the founder of the Tron blockchain, has become the center of this storm!

According to Coinbase documents, the connection between Justin Sun and wBTC stems from a partnership announced in August this year.

Given Justin Sun’s “involvement”, Coinbase bluntly stated that, like many other companies in the industry, it has serious doubts about whether BiT can be a reliable manager! This decision is undoubtedly a heavy blow to wBTC and the team behind it!

With the exposure of this news, the changes in the cryptocurrency market will become more confusing. The subsequent impact of Coinbase’s delisting of wBTC and how Justin Sun will deal with this crisis will become the focus of our attention!

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