BA
Labs,
in
its
proposals
to
offboard
WBTC,
had
cited
perceived
risks
from
Tron
founder
Justin
Sun’s
involvement
with
BiTGlobal,
the
custodian
for
the
underlying
assets.
BitGo,
the
original
custodian
for
WBTC,
announced
in
August
that
it
planned
to
transition
control
of
the
asset
to
a
joint
operation
with
BiT
Global,
which
has
regulated
operations
based
in
Hong
Kong.
Sun
told
CoinDesk
last
week
that
WBTC
has
a
“sterling
track
record
that
is
unmatched
by
any
competing
offers
recently
floated
by
the
skeptics.”