Title: WBTC Custody Changes Prompts Defi Moves, Bitgo CEO Disregard Concerns
Post by: Bitcoin on Aug 13, 2024, 07:18 am
Post by: Bitcoin on Aug 13, 2024, 07:18 am
WBTC Custody Changes Prompts Defi Moves, Bitgo CEO Disregard Concerns
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 […]
Source: WBTC Custody Changes Prompts Defi Moves, Bitgo CEO Disregard Concerns (https://news.bitcoin.com/wbtc-custody-changes-prompts-defi-moves-bitgo-ceo-disregard-concerns/)
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 […]Source: WBTC Custody Changes Prompts Defi Moves, Bitgo CEO Disregard Concerns (https://news.bitcoin.com/wbtc-custody-changes-prompts-defi-moves-bitgo-ceo-disregard-concerns/)