WBTC Custody Changes Requests Defy Moves, Bitgo CEO Ignores Concerns

The recent announcement of the change of custody of WBTC, a wrapped version of bitcoin, caused a backlash in decentralized finance protocols (defi) that reject Justin Sun’s revealed relationship with the project. Bitgo is moving WBTC custody into a joint venture with Bit Global, another custodian, to diversify custody locations and decentralize private keys (…)