According to PANews, Sky (formerly MakerDAO) may suspend plans to use WBTC as collateral at the suggestion of its advisors. The decision stems from discussions with BitGo CEO Mike Belshe. BitGo was once the sole custodian of WBTC and transferred custody rights to Justin Sun in August. Sky advisor BA Labs expressed concerns about this because about $200 million in loans on the platform were related to WBTC collateral. Sky community members voted to approve a plan to exclude WBTC from early October, but discussions are still ongoing. Belshe clarified that the new custody arrangement was misunderstood and Justin Sun had no right to change the existing structure. After further understanding, BA Labs said that WBTC exposure has dropped to about $170 million, the risk has been reduced, and it is recommended to suspend the collateral delisting process.