Wrapped BTC: The Ticking Time Bomb in Bitcoin’s Cross-Chain Empire?

Bridges, bubbles, and borrowed trust—how synthetic Bitcoin could trigger crypto's next reckoning.

The Fragile Promise of 'Wrapped' Value

Every WBTC token relies on a custodian's pinky swear that real BTC sits in a vault. One audit failure or hack away from becoming digital confetti.

When Convenience Trumps Security

DeFi degens chasing yield don't care if their 'Bitcoin' is actually an IOU—until the music stops. Cross-chain bridges remain exploit magnets, with over $2B drained in 2024 alone.

The Systemic Risk No One's Hedging

If WBTC collapses? Say goodbye to half of Ethereum's TVL—and watch the contagion spread faster than a VC dumping tokens on retail.

Bonus jab: Nothing unites crypto like watching TradFi institutions suddenly discover 'counterparty risk' after years of mocking Bitcoiners for self-custody.