WBTC Custody Changes Prompts Defi Moves, Bitgo CEO Disregard Concerns

The recent announcement of the custody change of WBTC, a wrapped version of bitcoin, has prompted a negative reaction in decentralized finance (defi) protocols that reject Justin Sun’s disclosed relation with the project. Bitgo is moving WBTC custody to a joint venture with Bit Global, another custodian, to diversify custody locations and decentralize private keys […]

source https://news.bitcoin.com/wbtc-custody-changes-prompts-defi-moves-bitgo-ceo-disregard-concerns/