🔥COIN faces Justin Sun over WBTC delisting 🤔
COIN, the #criptomonedas largest exchange based in the United States, plans to suspend trading of the #Bitcoin wrapped or WBTC on December 19. Following this decision, Bit Global, affiliated with Justin Sun, filed a lawsuit against COIN.
On December 17, COIN filed a response to this lawsuit, stating that the delisting of WBTC from the platform is based on compliance and risk management. Additionally, the #Exchange expresses concerns about the partnership between Bit Global and Justin Sun, indicating that it is an "unacceptable risk".
Members of the crypto community have criticized COIN's decision, for the reasons given to exclude WBTC from the platform. Another rumor circulating is that COIN wants to delist WBTC to promote cbBTC, its own wrapped Bitcoin launched a few months ago.
Would this be considered unfair competition?
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