🤓 Bitgo Announces Changes in Control of WBTC
Bitgo will transfer control of WBTC to a joint venture with BiT Global.
Asset custody will be distributed across multiple jurisdictions, including Hong Kong and Singapore, instead of the current US holding.
This change is also due to the partnership with Justin Sun and the Tron ecosystem.
Sun will have significant influence or control over the new joint venture that controls WBTC.
Many users have begun to express concerns about Sun's involvement due to his failures with TUSD, stUSDT, etc.
Users are also concerned that Bitgo is in financial trouble.
Justin Sun has stated that he does not control the private keys of WBTC and that his involvement is only strategic.$USDC