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 Coinbase teases ‘cbBTC’ days after BitGo Wrapped Bitcoin controversy

Coinbase has just teased the possible launch of a new product called “cbBTC,” with many commentators speculating that the United States-based crypto exchange is launching its own wrapped Bitcoin token.
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 The controversy arose when BitGo announced plans to transfer control of WBTC to a joint venture that includes itself, BiT Global, and Justin Sun's Tron ecosystem. This announcement raised concerns about the security and management of WBTC, particularly due to Sun's involvement, which many in the community view with skepticism. BitGo's CEO, Matt Belshe 
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