**BitGo CEO Dismisses Concerns Over Justin Sun's Role in Wrapped Bitcoin**

BitGo CEO Mike Belshe has downplayed worries about Justin Sun's involvement in BitGo's Wrapped Bitcoin (WBTC) business. On August 9, BitGo announced it would diversify its custodial jurisdictions for Bitcoin, moving from the U.S. to Singapore and Hong Kong. This shift involves a partnership with Hong Kong-based BiT Global and the Tron ecosystem, led by Sun.

Critics, including Block Analitica Labs (BA Labs), have raised concerns about Sun's track record, suggesting increased risk. BA Labs proposed halting new WBTC debts in a MakerDAO forum post.

Belshe insists the security protocols remain unchanged, stating, "BitGo is still co-signing all transactions using the same technology it always had." Sun echoed this, emphasizing his strategic role without direct access to funds.

An executive vote on the proposed changes is set for August 12.