Coinbase and BiT Global Resolve wBTC Legal Dispute

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…

About the author

Journalist on tech, business, finance & science | Accounting student (BSc)

Post a Comment

<script type="text/javascript" src="https://www.blogger.com/static/v1/widgets/2536035415-widgets.js"></script>
<script type='text/javascript'>
window['__wavt'] = 'AOuZoY6quBsoCULqLPBP8B3GxyTuUKm6Sg:1758958633441';_WidgetManager._Init('//www.blogger.com/rearrange?blogID\x3d583368488428019423','//www.finng.com.ng/2025/06/coinbase-and-bit-global-resolve-wbtc-legal-dispute.html?amp\x3d1','583368488428019423');
_WidgetManager._SetDataContext([{'name': 'blog', 'data': {'blogId': '583368488428019423', 'title': 'FinNG', 'url': 'https://www.finng.com.ng/2025/06/coinbase-and-bit-global-resolve-wbtc-legal-dispute.html?amp\x3d1', 'canonicalUrl': 'https://www.finng.com.ng/2025/06/coinbase-and-bit-global-resolve-wbtc-legal-dispute.html', 'homepageUrl': 'https://www.finng.com.ng/?amp\x3d1', 'searchUrl': 'https://www.finng.com.ng/search', 'canonicalHomepageUrl': 'https://www.finng.com.ng/', 'blogspotFaviconUrl': 'https://www.finng.com.ng/favicon.ico', 'bloggerUrl': 'https://www.blogger.com', 'hasCustomDomain': true, 'httpsEnabled': true, 'enabledCommentProfileImages': true, 'gPlusViewType': 'FILTERED_POSTMOD', 'adultContent': false, 'analyticsAccountNumber': 'G-DLH9WWPCWG', 'analytics4': true, 'encoding': 'UTF-8', 'locale': 'en', 'localeUnderscoreDelimited': 'en', 'languageDirection': 'ltr', 'isPrivate': false, 'isMobile': false, 'isMobileRequest': false, 'mobileClass': '', 'isPrivateBlog': false, 'isDynamicViewsAvailable': true, 'feedLinks': '\x3clink rel\x3d\x22alternate\x22 type\x3d\x22application/atom+xml\x22 title\x3d\x22FinNG - Atom\x22 href\x3d\x22https://www.finng.com.ng/feeds/posts/default\x22 /\x3e\n\x3clink rel\x3d\x22alternate\x22 type\x3d\x22application/rss+xml\x22 title\x3d\x22FinNG - RSS\x22 href\x3d\x22https://www.finng.com.ng/feeds/posts/default?alt\x3drss\x22 /\x3e\n\x3clink rel\x3d\x22service.post\x22 type\x3d\x22application/atom+xml\x22 title\x3d\x22FinNG - Atom\x22 href\x3d\x22https://www.blogger.com/feeds/583368488428019423/posts/default\x22 /\x3e\n\n\x3clink rel\x3d\x22alternate\x22 type\x3d\x22application/atom+xml\x22 title\x3d\x22FinNG - Atom\x22 href\x3d\x22https://www.finng.com.ng/feeds/6694740883432700117/comments/default\x22 /\x3e\n', 'meTag': '', 'adsenseClientId': 'ca-pub-7216556125373603', 'adsenseHostId': 'ca-host-pub-1556223355139109', 'adsenseHasAds': true, 'adsenseAutoAds': true, 'boqCommentIframeForm': true, 'loginRedirectParam': '', 'view': '', 'dynamicViewsCommentsSrc': '//www.blogblog.com/dynamicviews/4224c15c4e7c9321/js/comments.js', 'dynamicViewsScriptSrc': '//www.blogblog.com/dynamicviews/3921482862d40367', 'plusOneApiSrc': 'https://apis.google.com/js/platform.js', 'disableGComments': true, 'interstitialAccepted': false, 'sharing': {'platforms': [{'name': 'Get link', 'key': 'link', 'shareMessage': 'Get link', 'target': ''}, {'name': 'Facebook', 'key': 'facebook', 'shareMessage': 'Share to Facebook', 'target': 'facebook'}, {'name': 'BlogThis!', 'key': 'blogThis', 'shareMessage': 'BlogThis!', 'target': 'blog'}, {'name': 'X', 'key': 'twitter', 'shareMessage': 'Share to X', 'target': 'twitter'}, {'name': 'Pinterest', 'key': 'pinterest', 'shareMessage': 'Share to Pinterest', 'target': 'pinterest'}, {'name': 'Email', 'key': 'email', 'shareMessage': 'Email', 'target': 'email'}], 'disableGooglePlus': true, 'googlePlusShareButtonWidth': 0, 'googlePlusBootstrap': '\x3cscript type\x3d\x22text/javascript\x22\x3ewindow.___gcfg \x3d {\x27lang\x27: \x27en\x27};\x3c/script\x3e'}, 'hasCustomJumpLinkMessage': false, 'jumpLinkMessage': 'Read more', 'pageType': 'item', 'postId': '6694740883432700117', 'postImageThumbnailUrl': 'https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnZ4sud44n8cpBaAOs-c9x4afPlfwg4iMIRp_Ayf20PcYdrDSds91oIC8tpdy5fNhR0Krk_abArHJbDQawNrwW4Il1FwnyjAaJKTrcvfBl4Oeqz_2I3iH_93jJtXntYnKvNbuZ0phWl_zW6apooW75-01Wy5sYvN4bVwizkCyg6C-tWYwkhsuzjC9sWgFv/s72-c-rw/coinbase.webp', 'postImageUrl': 'https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnZ4sud44n8cpBaAOs-c9x4afPlfwg4iMIRp_Ayf20PcYdrDSds91oIC8tpdy5fNhR0Krk_abArHJbDQawNrwW4Il1FwnyjAaJKTrcvfBl4Oeqz_2I3iH_93jJtXntYnKvNbuZ0phWl_zW6apooW75-01Wy5sYvN4bVwizkCyg6C-tWYwkhsuzjC9sWgFv/s16000-rw/coinbase.webp', 'pageName': 'Coinbase and BiT Global Resolve wBTC Legal Dispute', 'pageTitle': 'FinNG: Coinbase and BiT Global Resolve wBTC Legal Dispute', 'metaDescription': ''}}, {'name': 'features', 'data': {}}, {'name': 'messages', 'data': {'edit': 'Edit', 'linkCopiedToClipboard': 'Link copied to clipboard!', 'ok': 'Ok', 'postLink': 'Post Link'}}, {'name': 'template', 'data': {'name': 'custom', 'localizedName': 'Custom', 'isResponsive': true, 'isAlternateRendering': false, 'isCustom': true}}, {'name': 'view', 'data': {'classic': {'name': 'classic', 'url': '?view\x3dclassic'}, 'flipcard': {'name': 'flipcard', 'url': '?view\x3dflipcard'}, 'magazine': {'name': 'magazine', 'url': '?view\x3dmagazine'}, 'mosaic': {'name': 'mosaic', 'url': '?view\x3dmosaic'}, 'sidebar': {'name': 'sidebar', 'url': '?view\x3dsidebar'}, 'snapshot': {'name': 'snapshot', 'url': '?view\x3dsnapshot'}, 'timeslide': {'name': 'timeslide', 'url': '?view\x3dtimeslide'}, 'isMobile': false, 'title': 'Coinbase and BiT Global Resolve wBTC Legal Dispute', 'description': 'FinNG is an informative website that talks about businesses, payments, banking, crypto, tech innovations, business of tech, and financial news.', 'featuredImage': 'https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnZ4sud44n8cpBaAOs-c9x4afPlfwg4iMIRp_Ayf20PcYdrDSds91oIC8tpdy5fNhR0Krk_abArHJbDQawNrwW4Il1FwnyjAaJKTrcvfBl4Oeqz_2I3iH_93jJtXntYnKvNbuZ0phWl_zW6apooW75-01Wy5sYvN4bVwizkCyg6C-tWYwkhsuzjC9sWgFv/s16000-rw/coinbase.webp', 'url': 'https://www.finng.com.ng/2025/06/coinbase-and-bit-global-resolve-wbtc-legal-dispute.html?amp\x3d1', 'type': 'item', 'isSingleItem': true, 'isMultipleItems': false, 'isError': false, 'isPage': false, 'isPost': true, 'isHomepage': false, 'isArchive': false, 'isLabelSearch': false, 'postId': 6694740883432700117}}, {'name': 'widgets', 'data': [{'title': 'FinNG (Header)', 'type': 'Header', 'sectionId': 'sec_Header_Title', 'id': 'Header01'}, {'title': 'Looking for something?', 'type': 'BlogSearch', 'sectionId': 'sec_Header_Search', 'id': 'BlogSearch01'}, {'title': 'Header Icon', 'type': 'TextList', 'sectionId': 'sec_Header_Icon', 'id': 'TextList01'}, {'title': 'Bookmark Posts', 'type': 'LinkList', 'sectionId': 'sec_Header_Icon', 'id': 'LinkList02'}, {'title': 'Navigation Menu', 'type': 'HTML', 'sectionId': 'sec_Nav_Widgets_1', 'id': 'HTML01'}, {'title': 'Navigation Menu (Simple)', 'type': 'PageList', 'sectionId': 'sec_Nav_Widgets_1', 'id': 'PageList01'}, {'title': 'Additional Links', 'type': 'PageList', 'sectionId': 'sec_Nav_Widgets_2', 'id': 'PageList02'}, {'title': 'Social Links', 'type': 'LinkList', 'sectionId': 'sec_Nav_Widgets_2', 'id': 'LinkList04'}, {'title': 'Tabbed Menu', 'type': 'LinkList', 'sectionId': 'sec_Under_Header', 'id': 'LinkList05'}, {'title': 'Blog Posts', 'type': 'Blog', 'sectionId': 'sec_Main_Widgets', 'id': 'Blog01', 'posts': [{'id': '6694740883432700117', 'title': 'Coinbase and BiT Global Resolve wBTC Legal Dispute', 'featuredImage': 'https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnZ4sud44n8cpBaAOs-c9x4afPlfwg4iMIRp_Ayf20PcYdrDSds91oIC8tpdy5fNhR0Krk_abArHJbDQawNrwW4Il1FwnyjAaJKTrcvfBl4Oeqz_2I3iH_93jJtXntYnKvNbuZ0phWl_zW6apooW75-01Wy5sYvN4bVwizkCyg6C-tWYwkhsuzjC9sWgFv/s16000-rw/coinbase.webp', 'showInlineAds': false}], 'footerBylines': [{'regionName': 'footer1', 'items': [{'name': 'author', 'label': 'Published by'}, {'name': 'timestamp', 'label': 'On'}, {'name': 'comments', 'label': 'Comment'}, {'name': 'share', 'label': ''}]}, {'regionName': 'footer2', 'items': [{'name': 'labels', 'label': 'in'}]}, {'regionName': 'footer3', 'items': [{'name': 'location', 'label': 'Location:'}]}], 'allBylineItems': [{'name': 'author', 'label': 'Published by'}, {'name': 'timestamp', 'label': 'On'}, {'name': 'comments', 'label': 'Comment'}, {'name': 'share', 'label': ''}, {'name': 'labels', 'label': 'in'}, {'name': 'location', 'label': 'Location:'}]}, {'title': 'Post Middle Ads', 'type': 'LinkList', 'sectionId': 'sec_Main_Widgets', 'id': 'LinkList84'}, {'title': 'Table of contents', 'type': 'HTML', 'sectionId': 'sec_Main_Widgets', 'id': 'HTML11'}, {'title': 'Trending', 'type': 'PopularPosts', 'sectionId': 'sec_Side_Widgets', 'id': 'PopularPosts01', 'posts': [{'title': 'What is Carbon Nexus and How Does It Works For Nigeria Businesses?', 'id': 8268159075344128592}, {'title': 'How Much Does Glovo Pay Per Delivery', 'id': 273080137967725185}, {'title': 'Goldman\u2019s Petershill Exits London Stock Exchange in $4.5B Deal', 'id': 6671881122515734802}, {'title': 'OpenAI Deepens Partnership With CoreWeave in $22.4B Cloud Expansion', 'id': 3163252601960826172}, {'title': 'Kuda Bank Launches Multi-Currency Wallet for Diaspora Customers', 'id': 2197204359558020547}, {'title': 'Benefits of Moniepoint Business Account for Nigerian Entrepreneurs', 'id': 4617709127422153905}, {'title': 'Electronic Arts on the Verge of $50 Billion Buyout', 'id': 2895279664930505472}, {'title': 'Meta plans to offer Ad-Free Paid Subscription for both Instagram and Facebook in the UK', 'id': 6567713605738430483}, {'title': 'Meta is rolling out \u201cTeen Accounts\u201d for Facebook and Messenger globally', 'id': 7803893794977645944}, {'title': 'Nigerian Banks Resume International Transactions on Naira Denominated Cards ', 'id': 9149334287280772261}]}, {'title': 'Take me back', 'type': 'HTML', 'sectionId': 'sec_Error_404', 'id': 'HTML404'}, {'title': 'Organization [BlogTitle]', 'type': 'Image', 'sectionId': 'sec_Footer_Organization', 'id': 'Image21'}, {'title': 'Labels', 'type': 'LinkList', 'sectionId': 'sec_Footer_Widgets', 'id': 'LinkList22'}, {'title': 'Newsroom', 'type': 'LinkList', 'sectionId': 'sec_Footer_Widgets', 'id': 'LinkList23'}, {'title': 'Site Info', 'type': 'LinkList', 'sectionId': 'sec_Footer_Widgets', 'id': 'LinkList24'}, {'title': 'Legal', 'type': 'LinkList', 'sectionId': 'sec_Footer_Widgets', 'id': 'LinkList25'}, {'title': 'Credit', 'type': 'HTML', 'sectionId': 'sec_Footer_Bottom', 'id': 'HTML21'}, {'title': 'Mobile Menu', 'type': 'TextList', 'sectionId': 'sec_Mobile_Menu', 'id': 'TextList99'}, {'title': 'Labels', 'type': 'Label', 'sectionId': 'sec_Theme_Hidden', 'id': 'Label41'}, {'title': '\u09af\u09cb\u0997\u09be\u09af\u09cb\u0997 \u09ab\u09b0\u09cd\u09ae', 'type': 'ContactForm', 'sectionId': 'sec_Theme_Hidden', 'id': 'ContactForm41'}, {'title': 'Pageviews last month', 'type': 'Stats', 'sectionId': 'sec_Theme_Hidden', 'id': 'Stats41'}, {'title': 'Cookie Consent [NoTitle]', 'type': 'LinkList', 'sectionId': 'sec_Addon_Widgets', 'id': 'LinkList63'}]}]);
_WidgetManager._RegisterWidget('_HeaderView', new _WidgetInfo('Header01', 'sec_Header_Title', document.getElementById('Header01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_BlogSearchView', new _WidgetInfo('BlogSearch01', 'sec_Header_Search', document.getElementById('BlogSearch01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_TextListView', new _WidgetInfo('TextList01', 'sec_Header_Icon', document.getElementById('TextList01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList02', 'sec_Header_Icon', document.getElementById('LinkList02'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML01', 'sec_Nav_Widgets_1', document.getElementById('HTML01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_PageListView', new _WidgetInfo('PageList01', 'sec_Nav_Widgets_1', document.getElementById('PageList01'), {'title': 'Navigation Menu (Simple)', 'links': [{'isCurrentPage': false, 'href': 'https://www.finng.com.ng/p/about.html?amp\x3d1', 'id': '6888742164267872334', 'title': 'About'}, {'isCurrentPage': false, 'href': 'https://www.finng.com.ng/p/contact.html?amp\x3d1', 'id': '7288069754807187575', 'title': 'Contact'}, {'isCurrentPage': false, 'href': 'https://www.finng.com.ng/p/sitemap_30.html?amp\x3d1', 'id': '3746601758299324704', 'title': 'Sitemap'}], 'mobile': false, 'showPlaceholder': true, 'hasCurrentPage': false}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_PageListView', new _WidgetInfo('PageList02', 'sec_Nav_Widgets_2', document.getElementById('PageList02'), {'title': 'Additional Links', 'links': [{'isCurrentPage': false, 'href': 'https://www.finng.com.ng/p/toc.html?amp\x3d1', 'id': '5460972832949037673', 'title': 'TOC'}, {'isCurrentPage': false, 'href': 'https://www.finng.com.ng/p/privacy.html?amp\x3d1', 'id': '2970028835560599398', 'title': 'Privacy'}, {'isCurrentPage': false, 'href': 'https://www.finng.com.ng/p/disclaimer.html?amp\x3d1', 'id': '5191794516836314888', 'title': 'Disclaimer'}], 'mobile': false, 'showPlaceholder': true, 'hasCurrentPage': false}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList04', 'sec_Nav_Widgets_2', document.getElementById('LinkList04'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList05', 'sec_Under_Header', document.getElementById('LinkList05'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_BlogView', new _WidgetInfo('Blog01', 'sec_Main_Widgets', document.getElementById('Blog01'), {'cmtInteractionsEnabled': false, 'lightboxEnabled': true, 'lightboxModuleUrl': 'https://www.blogger.com/static/v1/jsbin/2664625627-lbx.js', 'lightboxCssUrl': 'https://www.blogger.com/static/v1/v-css/828616780-lightbox_bundle.css'}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList84', 'sec_Main_Widgets', document.getElementById('LinkList84'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML11', 'sec_Main_Widgets', document.getElementById('HTML11'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_PopularPostsView', new _WidgetInfo('PopularPosts01', 'sec_Side_Widgets', document.getElementById('PopularPosts01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML404', 'sec_Error_404', document.getElementById('HTML404'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_ImageView', new _WidgetInfo('Image21', 'sec_Footer_Organization', document.getElementById('Image21'), {'resize': true}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList22', 'sec_Footer_Widgets', document.getElementById('LinkList22'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList23', 'sec_Footer_Widgets', document.getElementById('LinkList23'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList24', 'sec_Footer_Widgets', document.getElementById('LinkList24'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList25', 'sec_Footer_Widgets', document.getElementById('LinkList25'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML21', 'sec_Footer_Bottom', document.getElementById('HTML21'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_TextListView', new _WidgetInfo('TextList99', 'sec_Mobile_Menu', document.getElementById('TextList99'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LabelView', new _WidgetInfo('Label41', 'sec_Theme_Hidden', document.getElementById('Label41'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_ContactFormView', new _WidgetInfo('ContactForm41', 'sec_Theme_Hidden', document.getElementById('ContactForm41'), {'contactFormMessageSendingMsg': 'Sending...', 'contactFormMessageSentMsg': 'Your message has been sent.', 'contactFormMessageNotSentMsg': 'Message could not be sent. Please try again later.', 'contactFormInvalidEmailMsg': 'A valid email address is required.', 'contactFormEmptyMessageMsg': 'Message field cannot be empty.', 'title': '\u09af\u09cb\u0997\u09be\u09af\u09cb\u0997 \u09ab\u09b0\u09cd\u09ae', 'blogId': '583368488428019423', 'contactFormNameMsg': 'Name', 'contactFormEmailMsg': 'Email', 'contactFormMessageMsg': 'Message', 'contactFormSendMsg': 'Send', 'contactFormToken': 'AOuZoY4kByasAe5UA9wl4RdvO5U4wdHIMw:1758958633442', 'submitUrl': 'https://www.blogger.com/contact-form.do'}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_StatsView', new _WidgetInfo('Stats41', 'sec_Theme_Hidden', document.getElementById('Stats41'), {'title': 'Pageviews last month', 'showGraphicalCounter': false, 'showAnimatedCounter': false, 'showSparkline': true, 'statsUrl': '//www.finng.com.ng/b/stats?amp\x3d1\x26style\x3dBLACK_TRANSPARENT\x26timeRange\x3dLAST_WEEK\x26token\x3dAPq4FmCHgC9bDkpy0cUZ3hiDDF9LUYH_qK96024Dx7tJvO0Ue4coB1ISw3nxNw1CSBRgkjoCFlybp8z5bfilDukBniReCvL5dQ'}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList63', 'sec_Addon_Widgets', document.getElementById('LinkList63'), {}, 'displayModeFull'));
</script>
</body>