I heard that Bit Global is suing Coinbase for a huge amount of $1 billion. I'm curious to know the reasons behind this lawsuit. What are the allegations and why is the claim amount so high?
6
answers
CryptoTitaness
Tue Mar 04 2025
BiT Global has initiated a lawsuit against Coinbase seeking damages of $1 billion.
KatanaSword
Tue Mar 04 2025
The suit alleges that Coinbase engaged in unfair practices by delisting wBTC.
CherryBlossomDancing
Mon Mar 03 2025
These services include spot trading, futures trading, and a digital wallet.
Raffaele
Mon Mar 03 2025
The delisting of wBTC was done to promote Coinbase's own competing product, cbBTC.
DigitalDukedom
Mon Mar 03 2025
BiT Global claims that this action has caused significant financial harm.