WBTC Custody Changes Prompts Defi Moves, Bitgo CEO Disregard Concerns
Submitted by Anonymous (not verified) on Tue, 08/13/2024 - 01:30
The recent announcement of the custody change of WBTC, a wrapped version of bitcoin, has prompted a negative reaction in decentralized finance (defi) protocols that reject Justin Sun’s disclosed relation with the project. Bitgo is moving WBTC custody to a joint venture with Bit Global, another custodian, to diversify custody locations and decentralize private keys […]