🚨Breaking news! Coinbase makes a shocking decision!
Due to the "unacceptable risk" brought by Justin Sun, wBTC was delisted, causing an uproar in the cryptocurrency community!
According to CoinDesk's authoritative report, Coinbase (COIN.O) suddenly announced the official delisting of wBTC, pointing directly to the "unacceptable risk" brought by Justin Sun. This news quickly detonated the entire network, triggering widespread speculation and heated discussions.
Last week, BiT Global, the issuer of wBTC, launched a large-scale lawsuit against Coinbase, accusing it of favoring its competitor cbBTC. This lawsuit is like a bombshell, shocking the entire cryptocurrency circle.
However, Coinbase responded quickly. In a 25-page official statement, Coinbase revealed the real reason for delisting wBTC-Justin Sun. The cryptocurrency billionaire and founder of the Tron blockchain has become the center of the storm.
Coinbase documents show that Justin Sun's connection with wBTC stems from a partnership announced in August this year. Given Sun Yuchen's involvement, Coinbase expressed serious doubts about whether BiT can be a reliable manager, which is consistent with the views of many companies in the industry.
This decision dealt a heavy blow to wBTC and its team. As the news came to light, the cryptocurrency market became more and more confusing. The subsequent impact of Coinbase's delisting of wBTC and how Sun Yuchen coped with the crisis will become the focus of our attention.
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