- madmax
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BiT Global has agreed to dismiss its lawsuit against Coinbase over the delisting of BiT Global’s wrapped bitcoin (wBTC) token. The legal dispute began after Coinbase removed wBTC, citing “unacceptable risk” due to its affiliation with crypto billionaire Justin Sun, who became linked to wBTC through a partnership. BiT Global alleged that Coinbase’s decision was unjustified and damaged wBTC’s liquidity and reputation, while favoring Coinbase’s competing asset, cbBTC, which Coinbase launched shortly before delisting wBTC. The dismissal was filed with prejudice, preventing future related claims, and both parties will cover their own legal costs. No further settlement details were disclosed, and this is not a settlement but a legal dismissal.
