Topic: consumers
Finance
Coinbase Faces $1B Lawsuit Over wBTC Delisting, Paul Grewal Provides Defense
The post Paul Grewal Defends Coinbase In $1B Lawsuit Over wBTC Delisting appeared first on Coinpedia Fintech News
Recently, Bit Global had filed a lawsuit against Coinbase Global Inc claiming that Coinbase unlawfully delisted its WBTC token so it could promote the rival cbBTC. BiT Global had alleged that Coinbase’s decision to delist wBTC was to promote its own competing product, cbBTC, that caused massive financial losses and deteriorated consumer confidence in wBTC. …