Does anyone have concerns about the new Wrapped Bitcoin custody model? Why would BitGo want such a controversial person anywhere near their products? Justin Sun isn’t ever in the headlines for anything good. The article is about a proposal from Threshold to decentralize custody of WBTC using the tBTC system. It sounds like a big win-win for the Threshold Network and BitGo. “This alternative approach would ensure the safety and stability of the underlying collateral, reassure market participants and users of WBTC, and protect the many DeFi protocols that have significant exposure to the asset as collateral,” Wilkison said.
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