Jupiter Creation: WBTC's underlying Bitcoin should not be used under any circumstances, BitGo needs to clarify some issues.

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ChainCatcher Jupiter co-founder meow posted on the X platform: “When we started the WBTC project a few years ago, we chose Bitgo as a partner because we believed that Bitcoin custody was essential. But most importantly, we had an unspoken consensus that the underlying Bitcoin should not be used under any circumstances.”

Meow further stated that WBTC and BitGo need to clarify the following issues:

  • Who exactly is part of the multisig that holds the BTC?
  • Will BTC be used for any purpose?
  • What is the benefit to either party, is it for TRON adoption of WBTC? If so, then there is certainly no need to acquire the entire setup.
  • How can cross-jurisdictional efforts help?
  • Is it possible to have a highly respected independent third party join the multi-signature group, both as a communicator and as a signer?

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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