MakerDAO Evaluates WBTC Custody Following Justin Sun's Rising Influence
Saturday, 10 August 2024, 14:36
Introduction
In light of Justin Sun's increased role, MakerDAO is reviewing its risk management practices.
Background on the Situation
- BitGo plans to transfer WBTC custody to a new joint venture.
- This move is set to occur within the next 60 days.
- MakerDAO aims to reassess its strategies in response to this transition.
Conclusion
The developments surrounding BitGo and Justin Sun underscore the need for vigilant risk management in the ever-evolving cryptocurrency market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.