Goodness, even Coinbase can't say where wBTC is unsafe, just directly saying that Sun Yuchen is unsafe. 😅😅😅😅😅😅😅

"The wBTC shutdown controversy has resurfaced! Coinbase demands an official explanation from Sun Yuchen, shaking the entire crypto circle!"
After a U.S. judge refused to issue a temporary injunction, Coinbase successfully delisted wBTC from its platform, citing that the control of wBTC is associated with Sun Yuchen, posing an "unacceptable risk." Although Sun Yuchen's involvement is widely regarded as the main reason within the industry, Coinbase did not explicitly acknowledge this. In fact, the collaboration between Sun Yuchen and BiT Global is considered a key factor in the delisting decision. Notably, besides Coinbase, MakerDAO also delisted wBTC in August for the same reasons.
Coinbase explained that Sun Yuchen's "significant involvement" in BiT made it possible that continuing to list wBTC could threaten the integrity of the platform. However, this move has sparked considerable controversy within the industry. Some commentators argue that Coinbase itself is facing investigations from multiple agencies, including the SEC, which makes its stance on Sun Yuchen particularly ironic.
As the market's attention on Sun Yuchen and his affiliated companies continues to grow, more crypto platforms may follow suit. At this sensitive time, pay attention to Mr. Qiu, who will guide you to gain insights into the deep dynamics of the blockchain and crypto market, ensuring you don't miss every critical moment!"
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