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news-imageDecember 17, 2024

Coinbase responds to Justin Sun-connected BiT Global's lawsuit over delisting wBTC

BiT Global accused Coinbase of attempting to monopolize the wrapped bitcoin market by delisting wBTC and launching cbBTC.
Publisher: The Block
Sentiment: Negative
WBTC

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cover-imageCryptonews
December 19, 2024

Coinbase Dismisses Justin Sun-Linked BiT Global Lawsuit Over wBTC Delisting

Coinbase has successfully dismissed a lawsuit from BiT Global, linked to Justin Sun, aimed at blocking the delisting of Wrapped Bitcoin (wBTC), with the court siding with Coinbase's concerns over customer protection and asset integrity. The post Coinbase Dismisses Justin Sun-Linked BiT Global Lawsuit Over wBTC Delisting appeared first on Cryptonews.

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cover-imageCryptonews
December 18, 2024

Coinbase Criticized for Citing Justin Sun Risks in Wrapped Bitcoin Delisting

Coinbase, a prominent cryptocurrency exchange, has faced criticism following its decision to remove Wrapped Bitcoin (WBB) from its platform. The exchange cited unacceptable risks associated with Justin Sun, the founder of the Tron blockchain, as the reason for this action. The post Coinbase Criticized for Citing Justin Sun Risks in Wrapped Bitcoin Delisting appeared first on Cryptonews.

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cover-imageCryptopolitan
December 18, 2024

Coinbase under fire for linking WBTC delisting to Justin Sun

The crypto community is lashing out against Coinbase's reasoning for delisting Wrapped Bitcoin (WBTC) after the exchange linked the decision to the “unacceptable risk” associated with Tron founder Justin Sun. On December 17, Coinbase filed a response to a lawsuit from BiT Global, a company affiliated with Sun.

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cover-imageBitcoinist
December 14, 2024

Bit Global Digital Takes Coinbase To Court Over WBTC Delisting

A well-known cryptocurrency exchange firm might be forced to pay up to $1 billion in damages for delisting a digital currency from its platform. The issuer of Wrapped Bitcoin, Bit Global Digital is suing crypto platform Coinbase for the losses incurred after the digital currency exchange removed its crypto token.

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cover-imageCoinPedia
December 14, 2024

Paul Grewal Defends Coinbase In $1B Lawsuit Over wBTC Delisting

Recently, Bit Global had filed a lawsuit against Coinbase Global Inc claiming that Coinbase unlawfully delisted its WBTC token so it could promote the rival cbBTC. BiT Global had alleged that Coinbase's decision to delist wBTC was to promote its own competing product, cbBTC, that caused massive financial losses and deteriorated consumer confidence in wBTC.

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cover-imageBitcoin
December 13, 2024

Bit Global Files $1 Billion Lawsuit Against Coinbase Over WBTC Delisting

Bit Global has filed a $1 billion lawsuit against Coinbase, alleging anticompetitive practices following the delisting of the wrapped Bitcoin token (WBTC) from the exchange. The lawsuit, filed in the U.S. District Court for the Northern District of California, accuses Coinbase of exploiting its dominant position in the market to favor its own product, cbBTC.

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