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Justin Sun-connected BiT Global sues Coinbase for delisting wBTC and launching competitor

Legal • December 13, 2024, 1:47PM EST Published 1 minute earlier on Quick Take Justin Sun’s BiT Global is suing Coinbase for delisting wBTC and launching a competing product. In August, BitGo named BiT Global and a BiT Global subsidiary as key maintainers of the wBTC protocol. Justin Sun’s BiT Global, the firm that recently became a key stakeholder in the wrapped bitcoin (wBTC) ecosystem, is suing crypto exchange giant Coinbase, which last month decided to delist the asset and launch a compe...

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