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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.

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