Recently, someone in the community pointed out a concerning clause in the user agreement of Coinbase's newly launched packaged Bitcoin product - cbBTC. This clause states that if the reserve base Bitcoin is lost due to malicious activity or unforeseeable events, Coinbase will not fully compensate customers, but will give customers a "proportionate share of the remaining Bitcoin".

Regarding this, Paul Grewal, the legal director of Coinbase, clarified that if Coinbase loses Bitcoin due to its own negligence or external malicious behavior, they will fully compensate customers for their losses, and even if these bitcoins are lost, Coinbase will ensure that customers will not bear these losses.

Paul Grewal further explained that Coinbase is only liable to a limited extent for the risks associated with some complex transactions or the use of leverage. For example, if a user uses cbBTC as collateral on a lending platform and the underlying Bitcoin is liquidated due to some malicious activity, Coinbase will only compensate them for the lost portion of Bitcoin and will not compensate for other financial losses caused by liquidation (such as liquidation fees or leverage losses).

In summary, Coinbase has clarified that they will fully compensate for Bitcoin losses caused by external malicious behavior, but if users participate in high-risk transactions, the potential losses caused by these transactions will not be within their compensation scope.

Due to the involvement of Sun Yuchen, the largest packaging Bitcoin in the Ethereum ecosystem, wBTC has raised doubts from various parties and provided development opportunities for packaging Bitcoin, including cbBTC.

According to previous reports from Zombie, the cbBTC issued by Coinbase accumulated nearly 2000 circulating tokens within just one week of its launch, becoming the third largest packaged Bitcoin token. Nevertheless, wBTC still dominates the market for packaging Bitcoin, with nearly 153000 tokens currently in circulation and a market value of approximately $9.6 billion, far surpassing its closest competitor tBTC, which has only about 3400 tokens.

On the other hand, the head of cryptocurrency exchange Coinbase Singapore also announced at the Solana Breakpoint 2024 event held in Singapore on Saturday that the company plans to introduce its cbBTC token into the Solana blockchain.

(责任编辑：经济时评)

• ·达世币挖矿软件
• ·10月31日银华新材料混合发起式A净值增长0.33%，近3个月累计上涨11.88%
• ·火币网如何充值
• ·10月31日华商竞争力优选混合C净值下跌0.62%，今年来累计下跌3.74%
• ·请问广发车主信用卡加油卡充值计算积分吗？
• ·10月31日博道久航混合C净值增长0.40%，近3个月累计上涨15.6%
• ·qq股票诈骗-qq 股票
• ·10月31日华夏线上经济主题精选混合净值下跌0.82%，近1个月累计下跌2.4%
• ·火币比特币app
• ·统一钱包
• ·火币充值小数点
• ·华夏银行信用卡有效期是多久？
• ·提取未到期责任准备金属于什么科目
• ·Kraken 报告：XRP 市场深度表明其日趋成熟，超越了投机性爆发
• ·加密货币交易所 LBank 在竞标 VASP 许可证期间限制阿联酋服务
• ·10月31日摩根时代睿选股票C净值下跌0.64%，近6个月累计下跌9.39%