CoinDesk - BitGo CEO assures users that their bitcoin wrapped as wBTC is safe despite concerns and MakerDAO's decision to reduce exposure to the token, emphasizing user vigilance in understanding wrapped token complexities

https://www.coindesk.com/business/2024/08/15/bitgo-reiterates-autonomy-from-justin-sun-tron-as-makerdao-decides-to-dump-wbtc/

BitGo CEO assures users that their bitcoin wrapped as wBTC is safe despite concerns raised by MakerDAO.

He emphasized that Justin Sun has no control over the asset keys and the custody arrangement is secure.

However, due to these concerns, MakerDAO is reducing its exposure to wBTC, highlighting the importance of user vigilance in understanding the complexities of wrapped tokens and their associated risks.

Watch out of the liquidity!!