**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.