Jupiter Lianchuang: Bitcoins held by WBTC should not be used for other purposes, and BitGo should clarify community doubts
Jupiter co-founder meow published a "Letter to the New and Old Custodians of WBTC" on social media, stating that "Bitgo was chosen as a partner when the WBTC project started a few years ago because we believe that it is most critical to have a partner who is fully focused on custody to keep Bitcoin." "But the most important thing is that under no circumstances should the Bitcoin behind WBTC be used for any purpose. I do not intend to make any judgments about Bitgo, they have indeed been an excellent custodian so far, and I believe they have the best intentions."
Meow believes that it is crucial for WBTC, the entire DeFi ecosystem, and Bitgo/Bitglobal to clarify a few things immediately:
1. Who exactly is part of the multi-signature holding BTC?
2. Will BTC be used for any purpose?
3. What are the benefits of this cooperation for both parties, and is it beneficial for TRON to adopt WBTC?
4. How exactly does cross-jurisdiction help?
5. Is it possible to have a very respected independent party join the multi-signature group and act as both a communicator and a signer?"
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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