PANews reported on September 20 that according to CoinDesk, the decentralized financial platform Sky (formerly MakerDAO) has passed a plan to remove Wrapped Bitcoin (WBTC) from its platform as collateral. This decision has attracted widespread attention because the Sky platform currently has about $200 million in loans collateralized by WBTC, and WBTC, as one of the major cryptocurrencies, has a market value of nearly $10 billion. The move is related to risk concerns caused by WBTC custodian BiTGlobal and its connection with TRON founder Justin Sun. The first phase of the removal will start on October 3 and be completed on November 28.