Coinbase and BiT Global have reached a settlement regarding the wBTC delisting incident, with BiT Global withdrawing its lawsuit filed in the Northern District of California. Both parties will bear their own legal costs. Previously, BiT Global accused Coinbase of delisting its wBTC without justification, which harmed the token's liquidity and reputation, and showed favoritism towards its own competing product cbBTC. The settlement document did not disclose other specific terms.
Coinbase and BiT Global reach a settlement on wBTC delisting incident
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