Coinbase Says It Nixed wBTC Because Justin Sun Posed 'Unacceptable Risk'

Quick Summary:

BiT Global, issuer of the "wrapped bitcoin" token, "refused" to answer Coinbase's questions about Sun's involvement, the exchange said in a court filing.

At the time, the exchange cited its listing standards as the reason for the move without elaborating.

"At the conclusion of its diligence, Coinbase concluded that Mr.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Danny Nelson

Category: Crypto

Markets: United StatesCuba

Topics: Coindesk Wbtc Global Filing Involvement Unacceptable Exchange Justin Coinbase

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 21:07:51 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 309 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24536406

View Article Analysis

About CoinDesk

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 23 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 14 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

Publisher Details

Frequently Asked Questions