Coinbase seeks dismissal of BiT Global lawsuit over wBTC delisting
Coinbase has filed a motion to dismiss a lawsuit from BiT Global regarding the delisting of Wrapped Bitcoin (wBTC). This follows a previous court denial of BiT Global's attempt to block the delisting. Coinbase removed wBTC due to concerns about its association with Justin Sun, citing risks related to his alleged fraudulent activities. BiT Global claims the delisting harms its operations, but Coinbase argues the lawsuit is baseless and that BiT Global has not met legal standards for an antitrust claim. Coinbase asserts it is not legally required to host assets deemed risky and emphasizes its responsibility to protect customer safety and platform integrity. Paul Grewal, Coinbase’s Chief Legal Officer, reiterated that the exchange has the right to enforce security measures against assets linked to significant risks.
