Coinbase defends its decision to delist Wrapped Bitcoin (wBTC) due to its connection with Justin Sun, stating that it poses a risk to user security and does not require legal grounds for reversal ⚖️

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Coinbase defends the decision to delist Wrapped Bitcoin (wBTC) due to its connection with Justin Sun, the founder of Tron, who is accused of fraud and market manipulation. The exchange confirmed that the decision was made after an internal review considering the risks to users. The court rejected BiT Global's lawsuit, which sought to halt the delisting, noting that the company failed to provide evidence of false statements made by Coinbase. The exchange emphasized that it is not obligated to support tokens that pose a security risk.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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