Justin Sun: My personal participation in WBTC is solely for strategic considerations, and I do not control the reserve private keys nor have the authority to transfer them.

Odaily Odaily News Justin Sun posted on X platform: "Recently, I heard that the community has some concerns about my participation in multiple projects including WBTC. I would like to clarify the following points: WBTC has not changed at all compared to before. Audits are conducted in real time and can be accessed through http://wbtc.network. The minting process is entirely managed by custodians Bitglobal and Bitgo according to the same procedures as before. In short, Bitglobal and Bitgo will not sign any unaudited transactions. The keys are still protected using the same Bitgo cold wallet technology and offline keys as before, and are backed up in multiple countries and regions. My personal participation in WBTC is purely strategic. I do not control the private keys of the WBTC reserves, nor can I move any BTC reserves."