Coinbase and BiT Global Resolve wBTC Legal Dispute

Coinbase and BiT Global has both agreed upon settling the legal dispute between them regarding wBTC with prejudice.

Coinbase and BiT Global Resolve wBTC Legal Dispute

Coinbase and BiT Global have quietly and simultaneously resolved their legal battle over the takedown of wrapped Bitcoin (wBTC), a tokenized version of Bitcoin on the Ethereum blockchain, on the Coinbase exchange. Both companies consented to settle the dispute in a joint court filing. BiT Global will drop its lawsuit with prejudice, meaning there's no option to reopen the same filing in the future. The wBTC battle started between the two companies last year when Coinbase delisted the token from its platform last year. Coinbase flagged the token because its believed the crypto posed risks due to its ties to crypto mogul Justin Sun. Sun’s involvement with wBTC began through a collaboration in August the same year. This raised Coinbase’s concerns about his potential influence over the token. Related Crypto News: SEC Warns Nigerians Against Investing In $PUN Meme Coins . 2ND Phase of PI's Mainnet Migration Has Begun As Confirmed By Users . U.S Security and Exchange Commission (SEC) Drop Ch…

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