US EditionCoinbase, BiT Global End Legal Fight Over WBTC Delisting
- BiT Global withdrew its lawsuit against Coinbase in the United States over the delisting of wrapped Bitcoin .
- The legal dispute arose after Coinbase removed wBTC to promote its own cbBTC product, with BiT Global citing significant market losses.
- The case was dismissed with prejudice, preventing reopening, while MakerDAO and Aave imposed stricter conditions due to concerns about DeFi confidence in wBTC.
- Justin Sun emphasized that collaborating with BitGo played a crucial role in advancing wrapped assets, and he continues to prioritize compliance and innovation within the DeFi sector.
- The settlement ends the legal issue but may increase regulatory scrutiny and DeFi platform vigilance, potentially affecting wrapped asset protocols and market trust.
10 Articles
10 Articles
Coinbase, BiT Global End Legal Fight Over WBTC Delisting
Coinbase and BiT Global have reached a legal settlement that ended their dispute over the delisting of BiT Global’s wrapped bitcoin (wBTC) token on Coinbase.According to a joint court filing, BiT Global has agreed to dismiss its lawsuit against the crypto exchange with prejudice, meaning the case cannot be brought again in the future. The filing notes that both companies will cover their own legal expenses.BiT Global had filed the lawsuit last y…
BiT Global Drops Lawsuit Against Coinbase Over wBTC Issue - Blockchain & Cryptocurrencies Tabloid
BiT Global ends its lawsuit against Coinbase concerning the delisting of wBTC, agreeing to dismiss with each party covering their legal fees. The post BiT Global Drops Lawsuit Against Coinbase Over wBTC Issue appeared first on Blockchain & Cryptocurrencies Tabloid.
Coinbase ends legal battle with BiT Global over wBTC delisting
BiT Global agreed to dismiss its lawsuit against Coinbase for delisting the wBTC after the cryptocurrency exchange launched a competitor token, the cbBTC. In a filing, lawyers for BiT Global, an entity backed by TRON founder Justin Sun, who last year became a strategic partner to BitGo in providing the wBTC-wrapped Bitcoin token, said they had agreed to dismiss the suit with prejudice. This means the case cannot be brought again. Additionally, …
WBTC Delisting Fight Ends: Bit Global Drops Case Against Coinbase - Coin Surges
Bit Global has officially dropped its $1 billion lawsuit against Coinbase, with both firms agreeing to dismiss the case with prejudice, according to a joint court filing submitted Friday. Antitrust Accusation Dropped The joint stipulation, filed in the U.S. District Court for the Northern District of California, confirms that the dispute between Bit Global Digital […] Read Entire Article The post WBTC Delisting Fight Ends: Bit Global Drops Case …
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