News Explorer — Tron Founder Justin Sun Attacks Coinbase's CbBTC Amid WBTC Controversy

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Sep 12, 8:31 pm

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Tron Founder Justin Sun Attacks Coinbase's CbBTC Amid WBTC Controversy

The launch of Coinbase's wrapped Bitcoin product, cbBTC, has sparked a debate in the industry, with Tron founder Justin Sun criticizing the offering for lacking transparency and posing risks to decentralized finance. Despite the criticism, a Coinbase spokesperson defended the product's security and reliability, emphasizing their commitment to maintaining control over custodial keys and complying with regulatory requirements.

The launch of Coinbase's wrapped Bitcoin product, cbBTC, has sparked a debate in the industry, with Tron founder Justin Sun criticizing the offering for lacking transparency and posing risks to decentralized finance. Despite the criticism, a Coinbase spokesperson defended the product's security and reliability, emphasizing their commitment to maintaining control over custodial keys and complying with regulatory requirements.

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