MakerDAO Sets WBTC Debt Ceiling to Zero Amid BitGo Security Concerns

MakerDAO halts new WBTC loans, setting debt ceiling to zero amid BitGo’s partnership with BiT Global and concerns over Justin Sun’s influence. MakerDAO governance has finally decided the use of Wrapped Bitcoin (WBTC) as collateral. In a vote, the MakerDAO community agreed to set the WBTC debt ceiling to zero. This means that no new […] source: https://www.thecoinrepublic.com/2024/08/16/makerdao-sets-wbtc-debt-ceiling-to-zero-amid-bitgo-security-concerns/