Sky Proposes Full Offboarding of Wrapped Bitcoin Due to Justin Sun Controversy

Sky (formerly Maker) plans to remove Wrapped Bitcoin ($WBTC) as collateral due to concerns over Justin Sun's involvement in the asset’s restructuring. Key points: Proposal from BA Labs: Sky is considering fully offboarding $WBTC. Justin Sun's alleged control: Concerns about Sun’s hidden influence over $WBTC. Offboarding plan: Gradual liquidation increases to minimize user impact. Sky’s... source: https://milkroad.com/news/sky-proposes-full-offboarding-of-wrapped-bitcoin/