Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Satoshi-Era Investor Cashes Out 80,000 BTC via Galaxy Digital

    Senator Cynthia Lummis Advocates Bitcoin as ‘Freedom Money’

    Galaxy Digital Completes $9 Billion Bitcoin Sale

    Citi’s Bitcoin Price Prediction Lacks Official Confirmation

    Ledn Introduces Bitcoin Wealth Program for Affluent Clients

    Strategy Launches STRC Preferred Stock to Boost Bitcoin Holdings

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Wellgistics Adopts XRP for Treasury After $50M Credit Deal

    Wellgistics Adopts XRP for Treasury Operations

    Shiba Inu Enhances Shibarium Ecosystem with Developer Upgrade

    Shiba Inu Unveils Shibarium Developer Upgrade

    SharpLink Names Ex-BlackRock Leader as Co-CEO

    SharpLink Names Former BlackRock Exec Joseph Chalom Co-CEO

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

BiT Global Ends Lawsuit Against Coinbase Over wBTC

Solomon M. by Solomon M.
June 9, 2025
in Latest News
Key Takeaways:
  • Main event surrounds wBTC’s delisting and resulting lawsuit.
  • No damages or settlement were awarded in the case.
  • Market confidence in wBTC might be affected post-settlement.
bit-global-ends-lawsuit-against-coinbase-over-wbtc
BiT Global Ends Lawsuit Against Coinbase Over wBTC

BiT Global has dropped its lawsuit against Coinbase related to wBTC delisting. Originally seeking over $1 billion in damages, the case closes with each side incurring its own costs, following a court settlement.

The event highlights challenges in the crypto sector, emphasizing wrapped asset governance issues. Immediate impacts on market confidence and the broader DeFi ecosystem could follow.

BiT Global, supported by Justin Sun, filed a lawsuit against Coinbase following the delisting of wBTC, seeking over $1 billion for damages. The lawsuit, however, concluded with dismissal without financial compensation.

Leaders from BiT Global and Coinbase did not make official statements following the settlement. Both companies opted for legal filings rather than public discourse. Justin Sun, associated with BiT Global, remained crucial in case discussions.

The crypto industry faces uncertainty as key assets like wBTC experience market challenges. Concerns over collateral liquidity have been shared by MakerDAO and others in the DeFi space. The lawsuit also raised questions about Coinbase’s market practices.

Delisting of wBTC led to heightened scrutiny of asset custodianship with protocols like Aave revisiting their risk parameters. Despite initial concerns, a full removal of wBTC as collateral was avoided, maintaining its role in the DeFi market.

**Market Analyst Commentary** – “The delisting of wBTC has raised significant concerns over asset custodianship and governance in the DeFi space.”

Market stakeholders are focused on how asset management and governance evolve post-lawsuit. With no regulative interventions or changes, concerns linger about competitive advantage in exchanges like Coinbase, and wrapped asset management.

Further financial and market analysis suggests potential for regulatory introspection and enhanced governance standards in the cryptocurrency industry. This event could inspire shifts in exchange practices and improve crypto security and transparency.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Best Crypto Platform in 2025: BlockDAG, Hyperliquid, Cardano, & Binance Coin Compared

Next Post

BiT Global Drops Lawsuit Against Coinbase Over wBTC Issue

Solomon M.

Solomon M.

Related Posts

Over $3 Billion Stolen in H1 2025 Crypto Hacks

by Solomon M.
July 26, 2025

Over $3 billion lost from crypto hacks in H1 2025, primarily targeting centralized platforms, Global Ledger reports.

U.S. Treasury Allows Debt Payments via Venmo, PayPal

by Solomon M.
July 26, 2025

U.S. Treasury enables Venmo and PayPal donations to address the $36.7 trillion national debt.

Arizona Woman Receives 8.5-Year Sentence for Assisting North Korean Hackers

by Solomon M.
July 26, 2025

Christina Marie Chapman sentenced for aiding North Korean hackers posing as US citizens in tech and crypto jobs.

Arizona Woman Sentenced for Aiding North Korean Hackers

by Solomon M.
July 25, 2025

Arizona woman sentenced to over eight years in prison for aiding North Korean hackers in U.S. crypto sectors.

Arizona Woman Sentenced for Assisting North Korean Hackers

by Solomon M.
July 25, 2025

Christina Marie Chapman sentenced to prison for aiding North Korean hackers in crypto-related fraud.

DOJ Weighs Charges Against Dragonfly Amid Tornado Cash Trial

by Solomon M.
July 25, 2025

The U.S. DOJ considers charges against crypto VC firm Dragonfly amid Tornado Cash trial, impacting investor liability and DeFi.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.