March 16 2026
Coinbase and BiT Global have ended their legal dispute over the delisting of the wBTC token. Both parties have filed a joint statement with the court stating that the case is dismissed with prejudice— meaning it cannot be re-tightened.
According to the file, both parties will pay their own legal fees. Further details of any agreements have not been disclosed.
The conflict started last year when Coinbase decided to wrapped bitcoin (wBTC) from BiT Global. The reason: concerns that the token could potentially fall into the hands of Justin Sun, a controversial crypto entrepreneur, via BiT Global.
Coinbase found the risks unacceptable, especially after Sun became involved with wBTC through a partnership. Shortly after, BiT Global filed a lawsuit, alleging that Coinbase was favoring its own competing token (cbBTC) at the expense of wBTC.
Despite the conflict, Sun continued to actively promote wBTC, including through World Liberty Financial, which swapped cbBTC for wBTC after Sun joined as an advisor.
The case is now closed without further legal action or obligations for compensation.
Why was the lawsuit between BiT Global and Coinbase ended?
Both parties agreed to dismiss the case without further claims or damages.
What was the crux of the dispute?
BiT Global found that Coinbase wrongfully delisted wBTC, damaging the token's reputation and liquidity.
Did Justin Sun play a role in the conflict?
Yes, Coinbase feared that Sun's involvement with wBTC posed risks, leading to the delisting.
Bitcoin (BTC)
Ethereum (ETH)
XRP (XRP)
