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DeFi Lender Sky Ratifies Plan to Offboard Wrapped Bitcoin, Due to Sun Concerns

September 19, 2024

BA Labs, in its proposals to offboard WBTC, had cited perceived risks from Tron founder Justin Sun’s involvement with BiTGlobal, the custodian for the underlying assets. BitGo, the original custodian for WBTC, announced in August that it planned to transition control of the asset to a joint operation with BiT Global, which has regulated operations based in Hong Kong.

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Margaux Nijkerk

https://www.coindesk.com/markets/2024/09/19/defi-lender-sky-ratifies-plan-to-offboard-wrapped-bitcoin-due-to-sun-concerns/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

2024-09-19 21:29:22

byMargaux Nijkerk
Updated

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mantle
Mantle (MNT) $ 0.693459 0.81%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
bitcoin
Bitcoin (BTC) $ 82,769.18 1.16%
ethereum
Ethereum (ETH) $ 1,572.29 1.49%
tether
Tether (USDT) $ 0.999753 0.01%
xrp
XRP (XRP) $ 2.03 1.33%
bnb
BNB (BNB) $ 583.63 0.97%
solana
Solana (SOL) $ 118.65 3.91%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.159588 2.37%
cardano
Cardano (ADA) $ 0.636058 2.26%
tron
TRON (TRX) $ 0.23817 1.28%
staked-ether
Lido Staked Ether (STETH) $ 1,565.76 1.69%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,734.17 1.33%
leo-token
LEO Token (LEO) $ 9.44 0.26%
chainlink
Chainlink (LINK) $ 12.62 2.28%
avalanche-2
Avalanche (AVAX) $ 18.85 4.87%
usds
USDS (USDS) $ 0.99975 0.03%
hedera-hashgraph
Hedera (HBAR) $ 0.175763 3.56%
stellar
Stellar (XLM) $ 0.237297 1.44%
the-open-network
Toncoin (TON) $ 2.93 1.87%
sui
Sui (SUI) $ 2.21 3.49%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 0.45%
wrapped-steth
Wrapped stETH (WSTETH) $ 1,876.97 1.62%
mantra-dao
MANTRA (OM) $ 6.44 4.43%
bitcoin-cash
Bitcoin Cash (BCH) $ 303.60 3.09%
litecoin
Litecoin (LTC) $ 77.35 4.94%
polkadot
Polkadot (DOT) $ 3.54 1.24%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998521 0.14%
hyperliquid
Hyperliquid (HYPE) $ 15.34 8.15%
bitget-token
Bitget Token (BGB) $ 4.28 0.01%
ethena-usde
Ethena USDe (USDE) $ 0.997745 0.17%
weth
WETH (WETH) $ 1,565.04 1.61%
pi-network
Pi Network (PI) $ 0.607337 2.37%
whitebit
WhiteBIT Coin (WBT) $ 27.93 0.06%
monero
Monero (XMR) $ 202.45 0.99%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,664.88 1.94%
okb
OKB (OKB) $ 53.45 0.23%
uniswap
Uniswap (UNI) $ 5.22 1.03%
dai
Dai (DAI) $ 1.00 0.04%
susds
sUSDS (SUSDS) $ 1.05 0.13%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 82,734.17 1.25%
pepe
Pepe (PEPE) $ 0.000007 3.09%
aptos
Aptos (APT) $ 4.77 4.65%
ondo-finance
Ondo (ONDO) $ 0.895954 7.15%
gatechain-token
Gate (GT) $ 22.09 0.15%
tokenize-xchange
Tokenize Xchange (TKX) $ 31.62 1.06%
near
NEAR Protocol (NEAR) $ 2.07 1.70%
internet-computer
Internet Computer (ICP) $ 5.02 1.69%
crypto-com-chain
Cronos (CRO) $ 0.088172 1.15%
mantle
Mantle (MNT) $ 0.693459 0.81%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%