A federal court dismissed BiT Global's lawsuit against Coinbase, allowing the removal of WBTC (Wrapped Bitcoin) from the listing. The company claimed that this violated competition as Coinbase promotes its own version of the token. In response, Coinbase explained that the delisting was due to the risk of control over WBTC being transferred to Justin Sun, co-founder of Tron, who is accused of fraud. Coinbase also stated that the trading volume of WBTC on its platform accounts for less than 1 percent, and this will not result in significant losses.
12/20/2024 1:24:28 PM (GMT+1)
A federal court dismissed BiT Global's lawsuit against Coinbase, allowing the removal of WBTC from the listing despite claims of competition violation and the risk of control by Justin Sun ⚖️
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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