Coinbase is being sued for over $1 billion

🚨URGENT: Coinbase Faces $1 Billion Lawsuit Over Wrapped Bitcoin Delisting! 🚨

Crypto giant Coinbase is under fire as BiT Global Digital files a $1 billion lawsuit, accusing the exchange of anticompetitive behavior for delisting Wrapped Bitcoin ($WBTC) in November.

📄 The Allegations:
BiT Global claims Coinbase dropped WBTC to promote its own Bitcoin-based token, Coinbase BTC ($cbBTC), which the company teased four months earlier.

💬 Coinbase Responds:
Paul Grewal, Coinbase’s chief legal officer, defended the move, stating:
"When an asset no longer meets our listing standards, we will drop it. When another asset can meet or exceed market requirements without sacrificing those standards, we will list it."

This case highlights the growing tensions in the crypto space as exchanges navigate competitive practices and high listing standards.

What’s your take on this controversy? 🤔

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