Coinbase faces $1B lawsuit over wBTC delisting - Cointelegraph
Dec 13, 2024 · Crypto exchange Coinbase is being sued for over $1 billion by BiT Global Digital Limited, which is accusing the company of harming the market for Wrapped Bitcoin (wBTC) after a November...
Coinbase Responds to Lawsuit From BiT Global Over wBTC Delisting
Dec 18, 2024 · Coinbase has issued a response to a lawsuit filed by BiT Global, a company affiliated with Justin Sun, after the exchange announced it would delist wrapped Bitcoin (wBTC) on Dec. 19. BiT Global...
Coinbase Faces Lawsuit After wBTC Suspension Decision
Dec 18, 2024 · Coinbase will halt Wrapped Bitcoin (wBTC) trading on December 19, citing compliance and risk management concerns. BiT Global accuses Coinbase of anti-competitive practices, alleging the delisting aims to boost Coinbase's cbBTC.
cbBTC Surges Past $1 Billion as Coinbase Ends WBTC Support
Nov 20, 2024 · Coinbase will halt Wrapped Bitcoin (WBTC) trading on December 19, 2024, citing asset compliance review. Success of Coinbase’s cbBTC, with a $1.44 billion market cap and integration into DeFi, influences the decision. WBTC's team expresses disappointment, while some users criticize Coinbase’s handling of competition .
Coinbase to delist Wrapped Bitcoin - Cointelegraph
Nov 19, 2024 · Coinbase will be suspending trading of Wrapped Bitcoin (WBTC) in December, citing undisclosed failures to meet the cryptocurrency exchange’s standards for listing tokens.
Coinbase legal chief addresses $1B lawsuit tied to wBTC delisting
Dec 14, 2024 · Coinbase faces $1 billion wBTC delisting lawsuit: What you need to know. The suit claims Coinbase’s actions amount to monopolization of the wrapped Bitcoin market under the Sherman Act.
Coinbase to delist trading of WBTC in December - crypto.news
Nov 19, 2024 · Coinbase announced it will suspend trading of Wrapped Bitcoin — WBTC — on December 19, 2024, across all its platforms, including Coinbase.com and Coinbase Prime. The decision follows a routine asset review and shifts WBTC order books to limit-only mode.
Coinbase Says It Nixed wBTC Because Justin Sun Posed …
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...
Coinbase Responds to wBTC Delisting Lawsuit, Citing Justin Sun …
Dec 18, 2024 · Coinbase has come out to stand by its decision to delist Wrapped Bitcoin (wBTC) from its platform in a lawsuit filed by BiT Global. The lawsuit filed on December 13th stated that the delisting is anticompetitive and intends to harm WBTC’s market standing.
Coinbase Faces Criticism For Linking wBTC Delisting To Justin Sun
Dec 18, 2024 · Coinbase is under fire for delisting wBTC, citing risks linked to Justin Sun without providing technical justification. Critics note the irony, as Coinbase itself faces numerous regulatory investigations.