2024

<ul class="wp-block-list news-points"> 
 <li><strong>Justin Sun clarified that his involvement with WBTC is entirely strategic. </strong></li> 
 <li><strong>Sun explained that he does not control the private keys to WBTC reserves. </strong></li> 
 <li><strong>Bitgo has partnered with Sun and the Tron ecosystem in WBTC management. </strong></li> 
</ul>   
<p>Tron founder Justin Sun has clarified that his involvement with WBTC is entirely strategic. Sun took to X on Saturday, explaining that he does not control the private keys to WBTC reserves and cannot move any BTC reserves.</p>   
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Recently, I've heard that the community has some concerns about my involvement in various projects, including WBTC. I would like to clarify the following points:<br><br>There have been no changes to WBTC compared to before. The audits are conducted in real-time and can be accessed via…</p>— H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1822370692014485937?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 10, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure>   
<p>According to Sun, his level of involvement in blockchain projects varies, and he would like to discuss the situation ‌for proper understanding. However, he noted that his primary goal in all the projects he is involved with is to promote them. He stated that he focuses on projects dedicated to decentralization, security protocols, and safety, highlighting that WBTC i…</p>
<p>The post <a href="https://coinedition.com/justin-sun-explains-the-limits-of-his-influence-on-wbtc/">Justin Sun Explains the Limits of His Influence on WBTC</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Justin Sun Explains the Limits of His Influence on WBTC

Coin Edition

Other articles published on Aug 11, 2024

XRP Faces Substantial Decline Post Failing to Clear Above $0.64 Mark

SEC Pushes Back Against Coinbase’s Demand for Gensler Emails on Digital Assets

Investors Boost Funding for Crypto Projects

Justin Sun Clarifies Role in WBTC Custody Amid MakerDAO’s Risk Review

Maduro Orders A Ban On X Platform In Venezuela For 10 Days After Feud With Elon Musk

Americans believe Kamala is better for the economy than Trump

Join our free newsletter for daily crypto updates!