Critics of Sun's involvement don't understand the operational mechanics, the crypto custodian's CEO, Mike Belshe, said during an X Space discussion.
UnmuteCrypto Goes Unmentioned in Trump-Musk Interview; 3AC Liquidators Suing Terraform Labs for $1.3B, a token that allows the largest cryptocurrency by market cap to be utilized on blockchains other than the original Bitcoin system.to eliminate its exposure to wBTC due to concerns that a proposal to shift custody to be held jointly with BiT Global – an entity partially controlled by Sun – would centralize too much control with BiT Global.
"There is no single party that has the ability to mint or steal from the underlying treasury," Belshe said. Community concern mostly came from not understanding the operational mechanics of the keys, he said.
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