Coinbase delisted wBTC "due to the unacceptable risk" that the top bitcoin stand-in on Ethereum "would fall into the hands of Justin Sun," the exchange said Tuesday in response to a lawsuit over its decision.Market observers had previously read between the lines of Coinbase's November nixing of wBTC. At the time, the exchange cited its listing standards as the reason for the move without elaborating. Last week, wBTC's issuer BiT Global filed a w…

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

The post Coinbase slammed for linking WBTC delisting to Justin Sun appeared first on Daily Truth Report • DailyTruthReport.com.

Cointelegraph

Coinbase slammed for linking WBTC delisting to Justin Sun

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Coinbase pushed back against BiT Global’s legal attempt to halt its planned delisting of wrapped Bitcoin (WBTC), arguing that the lawsuit lacks merit and the firm’s request for a temporary restraining order (TRO) should be denied. According to court filings, Coinbase decided to delist WBTC due...

CryptoPanic

Coinbase fights back against BiT Global’s effort to block WBTC delisting

Some crypto community members have criticized Coinbase for not giving technical reasons for delisting WBTC and justifying its decision by citing …

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Bit Global filed a lawsuit against Coinbase over WBTC delisting. Justin Sun remains a controversial figure in the crypto community. Continue Reading: Coinbase Challenges WBTC Delisting Lawsuit The post Coinbase Challenges WBTC Delisting Lawsuit appeared first on COINTURK NEWS .

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Coinbase Challenges WBTC Delisting Lawsuit

Bit Global filed a lawsuit against Coinbase over WBTC delisting. Justin Sun remains a controversial figure in the crypto community.
Continue Reading:Coinbase Challenges WBTC Delisting Lawsuit
The post Coinbase Challenges WBTC Delisting Lawsuit appeared first on COINTURK NEWS.

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Coinbase has made a legal response to BiT Global’s lawsuit, which sought relief to keep wBTC on its platform. wBTC is the first and largest tokenized Bitcoin product on Coinbase, the largest crypto exchange platform in the US. Coinbase’s chief legal officer Paul Grewal confirmed this in an X post:  
We’ve filed our response to BiT Global’s effort to stop our delisting of wBTC before any discovery or even formal response to their bogus claims. We…

Cryptopolitan

Coinbase fights BiT Global lawsuit over wBTC delisting

No law compels Coinbase to “compromise the integrity of its platform” by doing business with Justin Sun-tied BiT Global, the U.S. crypto exchange wrote.

crypto.news

Coinbase refutes ‘baseless’ BiT Global wBTC suit

Coinbase wBTC removed from the list due to the alleged affiliation of justin sol, founder of Tron, with BiT Global. The exchange cites unacceptable risks for customers and the integrity of the platform. Let’s look at all the details in this article. The exchange of cryptocurrency Coinbase accuses Justin Sun of posing a danger to [...] The Coinbase entry eliminates wBTC due to Justin Sun’s participation was first published in La Cryptocurrency.

Coinbase wBTC eliminado de la lista debido a la supuesta afiliación de justin sol, fundador de Tron, con BiT Global. El intercambio cita riesgos inaceptables para los clientes y la integridad de la plataforma. Veamos todos los detalles en este artículo. El exchange de criptomonedas Coinbase acusa a Justin Sun de representar un peligro para […] La entrada Coinbase elimina wBTC debido a la participación de Justin Sun se publicó primero en La Cript…

Coinbase elimina wBTC debido a la participación de Justin Sun - La Criptomoneda

La Criptomoneda

Coinbase eliminates wBTC due to Justin Sun's involvement - The Cryptocurrency

Coinbase has responded to a lawsuit filed by BiT Global, which sought to halt the exchange’s planned delisting of wrapped Bitcoin (WBTC). Coinbase argued that the lawsuit lacks merit and the firm’s request for a temporary restraining order (TRO) should be denied. The exchange delisted WBTC due to concerns about risks stemming from its association with TRON founder Justin Sun and the lack of clarity about the token’s reserves. Coinbase’s chief le…

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

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