Coinbase has responded to BiT Global’s lawsuit challenging the delisting of Wrapped Bitcoin (WBTC). 🎯 In a statement on the X platform, the company’s Chief Legal Officer Paul Grewal called BiT Global’s claims “unfounded.”

Coinbase said Justin Sun’s connection to TRON jeopardized customer and platform security. It argued that BiT Global was slow to file a lawsuit and that the damages were speculative. Coinbase emphasized its right to protect its own standards.