news 
Coinbase Faces Criticism For Linking wBTC Delisting To Justin Sun
In a surprising move, cryptocurrency exchange Coinbase delisted Wrapped Bitcoin (wBTC) from their platform. In response to the decision, many in the crypto community have expressed shock and disappointment.
As reported earlier by Coinpedia, the reason for the delisting was revealed in a court filing, where it was stated that “it’s basically just they don’t like Justin Sun.” This justification has sparked widespread criticism among crypto enthusiasts, who argue that Coinbase is unfairly targeting wBTC due to its association with Tron founder Justin Sun.
Justin Sun has been the target of multiple regulatory investigations, including charges from the U.S. SEC for alleged violations, including fraud. Critics have pointed out the irony in Coinbase’s decision, noting that the exchange itself is facing legal challenges and should not be quick to judge others based on their associations.
Gabor Gurbacs, a VanEck adviser, took to Twitter to highlight this point, stating, “Questioning someone’s reputation this way might just bring out skeletons from their own closet.” He was likely referencing Coinbase’s own legal troubles, including a lawsuit filed by the SEC and a settlement with the New York Department of Financial Services for $100 million.
It remains unclear why Coinbase chose to delist wBTC, but the move has sparked significant backlash in the crypto community.
Source: coinpedia.org
