PANews reported on August 11 that in response to "some concerns in the community about Justin Sun's participation in various projects including WBTC", Justin Sun made a post on the X platform to clarify. He said that WBTC has not changed at all compared to before. The audit is conducted in real time and can be accessed at http://wbtc.network. The minting process is managed entirely by custodians Bitglobal and Bitgo in accordance with the same procedures as before. In short, Bitglobal and Bitgo will not sign any unaudited transactions. The keys are still protected using the same Bitgo cold wallet technology and offline keys, and are backed up in multiple countries and regions. My participation in WBTC is entirely strategic. I do not control the private keys of the WBTC reserves, nor can I move any BTC reserves.