🚀 Coinbase's cbBTC: Wrapped Bitcoin with a Twist! 🚀

Coinbase's new cbBTC, a wrapped Bitcoin product, has stirred the crypto pot! Amid FUD, Coinbase's legal eagle Paul Grewal swooped in to clarify: if the exchange loses your Bitcoin, they'll fully reimburse you. 🦅

The drama began when a user flagged a suspicious clause in the cbBTC terms, but Grewal assured that only external losses from complex trades are limited. So, if your loan collateral goes poof, Coinbase has your back for the Bitcoin, but not the fees.

What do you think? Share your thoughts below! 💬

#CryptoNews #Coinbase #cbBTC