cyrpto cbBTC, Coinbase, Financial, fires, Justin, Liberty, picks, shots, Sun, Trumpaffiliated, WBTC, World Mark January 24, 2025 0 Comments

Justin Sun fires shots at Coinbase as Trump-affiliated World Liberty Financial picks wBTC over cbBTC

The adoption by World Liberty Financial of the WBTC on the CBTC of Coinbase praised Justin Sun, who accused the exchange of unreliable guard practices.

The tension between Jamming and tron (Trx) The founder Justin Sun warms up while Sun calls for the centralized approach to the exchange of his tokenized bitcoin product, CBBTC. Sun has targeted proof of Coinbase reserves, denouncing the system as insufficient and supporting the world linked to Trump Liberty Financial for having chosen the wrapped bitcoin (WBTC) Above the wrapped coinbase (CBBTC) for its Bitcoin reserves.

Let me break down this 4D chess movement for you.

Why did the president choose WBTC as a BTC reserve instead of keeping it on Coinbase or as a CBTC?

The answer is simple: not your keys, not your pieces!

Rely on the product at 0 Proof of Reserves (POR) of Coinbase means that your BTC could… https://t.co/qo5c4wy9tr

– Il Justin Sun 🍌 (@justinsuntron) January 23, 2025

In A message of January 23 On X, SUN highlighted the risks of relying on Coinbase day care, arguing that Bitcoin reserves under CBBTC could be frozen or confiscated at the discretion of the exchange. “Not your keys, not your pieces!” Sun wrote, stressing the importance of decentralized property.

The founder of Tron also warned of potential prejudices in Coinbase operations, claiming that access to funds could depend on individual relations with the legal team of the exchange. At the time of the press, Coinbase did not publicly respond to Sun’s remarks.

Sun’s remarks are used shortly after the reports revealed that WLF had made purchases on the WBTC chain, a product issued by Bitgo. At the end of 2024, Bitgo was examined after the announcement that Sun would be involved in a joint venture with Bit Global (a Bithumb company) and Bitgo to manage WBTC products.

The data of Arkham Intelligence reveal that a address linked to WLF has $ 56.4 million in WBTC, with Ethereum (Ethn) at the top of the list at more than $ 181 million. There is no public file indicating that WLF holds CBTC.