Donald Trump World Liberty Financial Drops cbBTC For wBTC Amid Delisting Saga

Quick Summary:

World Liberty Financial (WLFI), a Donald Trump decentralized finance project, has restructured its wrapped Bitcoin holdings.WLFI exchanged $10.4 million in Coinbase-backed cbBTC for 103.15 WBTC.

The move follows Coinbase’s decision to delist WBTC, sparking controversy and legal battles among stakeholders.

The transaction occurred hours after Coinbase announced the delisting of WBTC due to alleged failure to meet the exchange’s standards.

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Article Details

Author / Journalist: Ronny Mugendi

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News DeFi News Defi World Liberty Financial Donald Trump Crypto Project

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 16:54:43 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 478 words

Reading Time: 3 minutes read

Sentences: 39 lines

Sentence Length: 13 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 24554086

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