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：商业观察)

• ·专门借款和一般借款怎么区别
• ·拉布布成功「闯美」，同名 MEME 币 LABUBU 再被爆炒
• ·Arthur Hayes explains the impact of interest rate cuts: the yen against the US dollar exchange rate is key, and the market may plummet after the interest rate cut
• ·怎么充比特币 怎么充比特币划算
• ·香港恒生股票
• ·穿越加密“快钱陷阱”：从对赌到理性，重新聚焦基本面
• ·火币网跑路
• ·bcn币交易平台
• ·The DeFi project supported by the Trump family confirmed the rumor of issuing coins: no pre-sale, non transferable, 63% public sale
• ·中国版挖矿软件-中国版挖矿软件有哪些
• ·观点：加密世界应继续搞基建，但不是高估值的空气基建
• ·手机怎么玩比特币
• ·杭州什么天气穿什么-杭州什么天气穿什么?
• ·增值税期末只有进项怎么结转
• ·什么树叶对应什么天气-天气什么树叶什么什么
• ·什么什么冰雹什么