| Time | Details |
|---|---|
| 2024-08-15 08:16 |
Significant WBTC Accumulation by New Address Following Custody Change
According to @EmberCN, a new address accumulated 1605 WBTC (worth $94.62M) within three days following a custody change. On August 11, BitGo announced a joint venture with BiT Global to transfer WBTC custody to a different jurisdiction, prompting some protocols and institutions to stop using WBTC due to potential risks. The next day, on August 12, the new address was created and began withdrawing large amounts of WBTC from Binance. (Source) |
| 2024-12-16 06:28 |
Market Impact of WBTC Custody Dispute
According to Ai 姨, nearly four months have passed since the 'WBTC Custody Dispute', yet WBTC continues to appear frequently in various trades. The question arises whether WBTC's market share has changed following the series of 'FUD' events. The timeline highlights that on August 11, BitGo announced the transfer of WBTC operations to a joint venture with BiT Global, sparking controversy over custody rights. (Source) |