BitGo ‘Held Up’ Alameda’s $50M Wrapped Bitcoin Withdrawal Requests
The BitGo CEO said the withdrawal requests came as Sam Bankman-Fried petitioned investors for capital before announcing FTX’s bankruptcy.
BitGo declined Alameda’s attempt to redeem 3,000 WBTC
BitGo CEO Mike Belshe revealed that the firm declined Alameda Research’s request to redeem 3,000 Wrapped Bitcoin (WBTC) a few days before its bankruptcy in a December 14 Twitter space.…
Alameda tried to redeem 3,000 wBTC days before bankruptcy: BitGo CEO
The CEO of Bitgo stated that the Alameda representative failed the security verification process required to convert wrapped-BTC into BTC.
Analyzing the WBTC FUD after the FTX collapse and its depeg
Wrapped Bitcoin is the leading form of Bitcoin “wrapped” in a smart contract on the Ethereum network. The post Analyzing the WBTC FUD after the FTX collapse and its depeg…
Wrapped Bitcoin Trades at Discount After FTX’s Collapse
Wrapped bitcoin (WBTC), a clone of bitcoin (BTC), has traded at a discount to BTC’s price since crypto exchange FTX filed for bankruptcy protection on Nov. 11. “All About Bitcoin”…
What’s Happening With Wrapped Bitcoin on Ethereum?
Wrapped Bitcoin—WBTC—lost its peg last week. Here’s what that means, and why it matters.
What is Wrapped Bitcoin (wBTC)? Are Wrapped Tokens Under Threat After FTX Crash?
Wrapped Bitcoin (wBTC) is Bitcoin that has been regenerated to be used within the Ethereum ecosystem. Launched in January 2019, wBTC is an Ethereum token that’s backed by Bitcoin (BTC),…
Wrapped Bitcoin (WBTC) Depeg Linked To Alameda Research; FUD Or Truth?
Wrapped Bitcoin (WBTC) Depeg News: Following the chaos around FTX collapse in recent weeks, speculation is now rife around the Wrapped Bitcoin (wBTC) depegging from the Bitcoin price. While the…
Wrapped Bitcoin DAO removes FTX, nine others in move to new multisig
The Wrapped Bitcoin DAO is migrating to a new smart contract multisig with a new set of signers responsible for governing the contracts. The post Wrapped Bitcoin DAO removes FTX,…
Stats Show Over 53,000 Wrapped Bitcoins Were Removed From Circulation in the Last 3 Months
Three months ago, there were 441,546 wrapped or synthetic bitcoins on the Ethereum and Binance Smart Chain worth $17.45 billion using exchange rates on April 24, 2022. Since then, that…
