Tron founder Justin Sun has criticized Coinbase’s newly launched wrapped Bitcoin variant, cbBTC, highlighting its centralized control features that could jeopardize decentralized finance (DeFi). Sun argues that cbBTC, designed to mirror Bitcoin on the Ethereum blockchain, lacks proof-of-reserve, independent audits, and empowers Coinbase to freeze user balances at will. He claims this poses serious risks The post Tron Founder Slams Coinbase’s cbBTC, Warns DeFi of Risks appeared first on Coin Edition .
