**WBTC Confidence Crisis! 🚨**
- WBTC, a major player in the DeFi world, has been experiencing a confidence crisis in recent days.
- BitGo plans to move WBTC's BTC management address to a joint venture with Hong Kong-based BiT Global. 🤔
- Behind BiT Global is the controversial name Justin Sun.
- After this news, Crypto.com and Galaxy withdrew $27 million worth of BTC.
- The market is worried about the future of WBTC.