Coinbase stated in response to the lawsuit from BiT Global that the decision to delist wBTC was related to Sun Yuchen, due to his partnership with wBTC issuer BiT reached in August. Coinbase claimed that Sun Yuchen posed unacceptable risks to wBTC due to allegations of fraud and market manipulation. During the due diligence process, BiT refused to provide ownership and association information, prompting Coinbase to ultimately decide to delist wBTC. BiT and Tron representatives did not respond to requests for comment. (CoinDesk)