BiT Global has filed a lawsuit against Coinbase for over 1 billion dollars, accusing the company of unfair practices after removing the wBTC token from its platform to promote its own product, cbBTC. The lawsuit claims that this decision harmed the market and undermined users' trust in wBTC. BiT Global seeks compensation for damages and an injunction to prevent further harmful actions.
12/14/2024 11:06:19 AM (GMT+1)
BiT Global has sued Coinbase for 1 billion dollars, accusing the company of unfair competition after removing the wBTC token to promote its cbBTC product ⚖️
640
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
Bolivia will start using cryptocurrency to pay for fuel imports against the backdrop of a dollar shortage and economic crisis in the country's energy sector
Tether froze $27 million USDT on the Russian exchange Garantex, leading to the suspension of all operations and withdrawals in response to international sanctions
The hacker group Dark Storm has claimed responsibility for the large-scale cyberattack that caused disruptions on the social network X (formerly Twitter)
The IMF demands that El Salvador stop purchasing Bitcoin by the government sector as part of a $1.4 billion agreement to reduce financial risks and regulate cryptocurrency
1inch recovers $5 million stolen after an attack on the old version of the Fusion v1 smart contract, the hacker returned the funds by agreement with the platform
The European Central Bank (ECB) plans to release the digital euro by October 2025, despite doubts from lawmakers due to the recent failure in the Target 2 system
Russia excluded Bitcoin from national reserves, strengthening its positions in gold and the Chinese yuan as part of a financial strategy to ensure stability and liquidity
