Justin Sun Raises Major Alert On Coinbase Wrapped Bitcoin As cbBTC Rockets 93%

Quick Summary:

Coinbase’s launch of its wrapped Bitcoin, cbBTC, on the Base Network, is barely 24 hours old but is already causing some ruckus.

Tron founder Justin Sun has a long list of concerns about the new product and has taken X to voice some of them.

Justin Sun has highlighted the lack of Proof-of-Reserve (PoR) for the Coinbase product.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Justin sun Coinbase Base

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 18:11:33 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 414 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 22475704

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 9 hours ago

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