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Com TW NOw News 2024

WBTC Custody Changes Lead to Defi Moves, Bitgo CEO Dismisses Concerns
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WBTC Custody Changes Lead to Defi Moves, Bitgo CEO Dismisses Concerns

WBTC Custody Changes Lead to Defi Moves, Bitgo CEO Dismisses ConcernsThe recent announcement of a change in custody of WBTC, a wrapped version of bitcoin, has sparked a backlash from decentralized finance (defi) protocols, who decry Justin Sun’s publicly disclosed relationship with the project. Bitgo is moving WBTC custody to a joint venture with Bit Global, another custodian, in a bid to diversify custody locations and decentralize private keys (…)