• 27 September, 2024
Market News

Sky Reconsiders Offboarding Wrapped BTC After BitGo Talk

DeFi lender Sky is reconsidering plans to offboard Wrapped Bitcoin (WBTC) as collateral after a discussion with BitGo CEO Mike Belshe. BA Labs, an advisor to Sky, recommended pausing the offboarding, citing BitGo’s commitments to provide advance notice of changes in WBTC custody. Despite earlier concerns about Justin Sun's involvement, Sky's governance vote on Oct. 3 will determine whether to proceed with the updated recommendations for WBTC.

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