BiT Global, issuer of the "wrapped bitcoin" token, "refused" to answer Coinbase's questions about Sun's involvement, the exchange said in a court filing.

Coinbase delisted Wrapped Bitcoin (wBTC), citing risks linked to Justin Sun's alleged misconduct, sparking backlash from the crypto community.

Coinbase has come under fire from the cryptocurrency community following its decision to delist Wrapped Bitcoin (wBTC), which the exchange attributed to the “unacceptable risk” linked to Justin Sun, the founder of Tron.

We've filed our response to BiT Global’s effort to stop our delisting of wBTC before any discovery or even formal response to their bogus claims,” Paul Grewal, the chief legal office of Coinbase, said on X.

Coinbase successfully dismissed BiT Global's lawsuit over the delisting of wBTC, citing concerns about Justin Sun's involvement.

A US judge said the arguments from a lawyer for the Justin Sun-affiliated firm BiT Global were “speculative” on whether Coinbase’s decision to delist wBTC would harm the market.

Crypto exchange Coinbase has cited risks linked to Tron-founder Justin Sun during a lawsuit over its delisting of Wrapped Bitcoin (wBTC).

Justin Sun and Coinbase’s Paul Grewal clashed over asset listing standards after Coinbase announced the delisting of wrapped Bitcoin (wBTC).

World Liberty Financial transitions from cbBTC to WBTC in a $10.4M swap, signaling strategic alignment with Justin Sun and Wrapping Bitcoin..

The community has fired back against Coinbase’s reasoning for delisting WBTC in connection to “unacceptable risk” that the exchange has linked to Tron founder Justin Sun.