BiT Global’s lawyers have dropped a lawsuit against a trading platform that delisted the wrapped Bitcoin token wBTC just two months after it launched its competing token, cbBTC, Golden Finance reported. Under the agreement, the two companies will pay their respective attorneys’ fees. BiT Global, a company backed by the founders of TRON, has been a “strategic partner” with BitGo to provide wBTC-wrapped Bitcoin tokens. The lawsuit is dismissed, meaning that the lawsuit will not be filed again.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The founder of TRON supports BiT Global's withdrawal of the lawsuit against the delisting of wBTC on competing platforms.
BiT Global’s lawyers have dropped a lawsuit against a trading platform that delisted the wrapped Bitcoin token wBTC just two months after it launched its competing token, cbBTC, Golden Finance reported. Under the agreement, the two companies will pay their respective attorneys’ fees. BiT Global, a company backed by the founders of TRON, has been a “strategic partner” with BitGo to provide wBTC-wrapped Bitcoin tokens. The lawsuit is dismissed, meaning that the lawsuit will not be filed again.