Coinbase announced the suspension of trading Wrapped Bitcoin (wBTC) starting December 19, 2024, which caused discontent among the wBTC team. They urged a reconsideration of the decision, highlighting the transparency and decentralization of the token. Critics argue that Coinbase is acting in the interest of its own token cbBTC. Attention has also been drawn to Justin Sun's influence on the wBTC protocol through a joint venture with BiT Global.