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World Liberty Financial, backed by Donald Trump's family, has swapped approximately $10 million worth of Coinbase's wrapped bitcoin (cbBTC) for WBTC, a rival token used in decentralized finance. This move follows Coinbase's decision to delist WBTC, leading to a lawsuit from BiT Global, a custodian involved with WBTC. Justin Sun, founder of the Tron blockchain and a recent adviser to World Liberty Financial, has been linked to the controversy surrounding WBTC, although he denies any wrongdoing.
Robert Liu
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Trump-backed firm swaps Coinbase bitcoin for wrapped bitcoin amid legal disputes
10:36 19.12.2024
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