WBTC, the wrapped Bitcoin token, has received a "death blow" due to its association with Justin Sun, the founder of Tron (TRX), rather than any inherent flaws, according to a report by Bitcoinbuilders (BBA) cited by Coindesk. The BBA report highlights that Coinbase recently delisted WBTC over centralization concerns linked to Sun. "There are also growing signs of centralization risk with WBTC," BBA explained, noting that WBTC's share of the total Bitcoin supply has declined from 1.5% just two years ago to 0.74% today.