Sky, formerly known as MakerDAO, has decided to delist wrapped bitcoin (WBTC) from its list of collateral after a vote that concluded on Thursday.

- The vote saw 88% of votes in favor and 12% abstentions.

- The delisting process will begin on October 3 and will be completed on November 28.

- The decision is due to risks associated with the involvement of Justin Sun and BiTGlobal.

WBTC has a market cap of $9.7 billion and is actively used in DeFi.