Your wrapped "bitcoin" can be unilaterally rendered valueless due to its centralization.
15 Dec 2022, 11:10
Your wrapped "bitcoin" can be unilaterally rendered valueless due to its centralization.
This makes wBTC risky to trade on CEX and DEX since there is no guarantee of offloading ability for the final buyer.
BREAKING: Alameda tried to redeem 3,000 wBTC days before bankruptcy, but failed the security verification process: BitGo CEO.