Crypto exchange Coinbase has delisted wBTC, a top bitcoin stand-in on the Ethereum blockchain, due to concerns over potential involvement from Justin Sun, founder of Tron blockchain and a figure accused of fraud and market manipulation. Coinbase initiated a review of wBTC after a partnership with Sun was announced, but the firm refused to answer questions regarding ownership and Sun's involvement. Coinbase concluded that Sun's affiliation with wBTC presented an unacceptable risk to its customers and the integrity of its exchange. The decision came in response to a lawsuit from wBTC issuer BiT Global, which accused Coinbase of improperly favoring its competing asset, cbBTC.



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