Jupiter Co-founder: WBTC underlying Bitcoin should never be used under any circumstances, BitGo needs to clarify some issues
ChainCatcher Jupiter co-founder meow posted on platform X: "A few years ago, when we started the WBTC project, we chose Bitgo as our partner because we believed that the custody of Bitcoin was crucial. But most importantly, we had an unspoken consensus that the underlying Bitcoin should never be used under any circumstances."
meow further stated that WBTC and BitGo need to clarify the following points:
- Who exactly is part of the multi-signature holding the BTC?
- Will BTC be used for any purpose?
- What benefits does it provide to either party, is it for the adoption of WBTC by Tron? If so, then there is certainly no need to acquire the entire setup.
- How does cross-jurisdiction help?
- Is it possible to involve a highly respected independent third party in the multi-signature group, both as a communicator and as a signer?
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