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President-elect Donald Trump, on Wednesday exchanged about $10 million worth of Coinbase's (COIN) wrapped bitcoin, cbBTC, for rival WBTC.Wrapped bitcoin is a form of the world's largest cryptocurrency that can be used indecentralized finance(DeFi) on blockchains other than Bitcoin.Coinbaseintroduced cbBTCin September, and in November said it would delist WBTC, citing its listing standards.
tpad trustpadnew in india for beginners ✌️【365vc.net】✌️Invest ₹500 in our expert-managed funds and enjoy exponential monthly profits. Join now!That action prompted BiT Global, a custodian involved in WBTC, to sue the crypto exchange to prevent the removal.A court ruled against BiT Global on Wednesday.There's one more link in the chain: Justin Sun, the founder of the Tron blockchain and one of CoinDesk'sMost Influential 2024.
In its defense, Coinbase cited BiT Global's links to Sun, who has beenaccusedof fraud and market manipulation in the U.S., as an "unacceptable risk." Sun, who denies the accusations, also became an adviser to World Liberty Financial, a position he gained after picking up a $30 million stake in the platformlast monthin exchange for WLFI tokens.Trump's World Liberty(@worldlibertyfi) exchanged all 102.9$cbBTC($10.4M) for 103.tpad trustpadnew in india for beginners ✌️【365vc.net】✌️Low investments, high profits! Start with ₹500 and earn consistent monthly income.
