CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
BitcoinSistemi 2024-12-19 08:00:06

Bad News from Coinbase to Delisted Altcoin: Court Rejects Appeal

Recently, cryptocurrency exchange Coinbase delisted Wrapped Bitcoin (WBTC), which was intended to be a bridged version of BTC whose price was pegged to Bitcoin, citing the project’s connection to Justin Sun, who has been sued in the US. However, the WBTC team filed a lawsuit against Coinbase due to this delisting decision, claiming that the company's delisting decision was due to the launch of its own equivalent product, cbBTC. However, according to the latest development, Coinbase Chief Legal Officer Paul Grewal announced that Justin Sun and Bit Global were defeated in the case in question. The decision to delist WBTC will continue as usual. Coinbase officials congratulated the court on its decision in a statement. Related News: There is a Development in the Altcoin Suing Coinbase for Being Delisted: Coinbase Responded On the other hand, interestingly, US President Donald Trump's cryptocurrency project, World Liberty Financial, announced today that it has added Justin Sun-linked WBTC to its structure, replacing Coinbase's bridged Bitcoin equivalent, cbBTC. Justin Sun had recently made a very large purchase of World Liberty Financial's token, WLFI. *This is not investment advice. Continue Reading: Bad News from Coinbase to Delisted Altcoin: Court Rejects Appeal

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.