Yoursav
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❗️ COINBASE FACES $1 BILLION LAWSUIT OVER wBTC DELISTING AND cbBTC LAUNCH
💥 Coinbase, the cryptocurrency giant, is facing a $1 billion lawsuit after delisting wBTC, the original "wrapped Bitcoin" token, just as it introduced its new competitor, cbBTC. The lawsuit alleges that Coinbase engaged in antitrust practices to promote cbBTC over wBTC.
🎉 wBTC has been a key player since 2018, allowing Bitcoin to be used on other blockchains. However, Coinbase removed it from its exchange, claiming it was no longer suitable despite continuing to list various meme coins.
🚀 Coinbase described cbBTC as "super strategic" and claimed it would surpass wBTC within six months. This bold statement has raised eyebrows, with attorney Kevin Kneupper questioning the fairness of such actions:
“If an exchange can crush a competitor like this, who’s safe?”
Join the conversation & share your thoughts! #Coinbase #WBTC #DeFi #Cryptocurrency 0 reply
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