HOW TO NUKE $9 BILLION – WBTC

Summary from the TLDR Crypto newsletter

The recent announcement of BitGo's partnership with Justin Sun-backed BiT Global, which gives the firm control over 2 of 3 WBTC private keys, has sparked panic in the crypto community due to Sun's controversial history. Concerns about increased custody risk and potential mismanagement have led to calls for WBTC delisting as collateral, with many urging WBTC holders to exit quickly before the situation deteriorates further.