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：财富观察)

• ·火币充值小数点
• ·10月31日鹏华创新成长混合C净值增长0.08%，近3个月累计上涨9.7%
• ·未来还有上涨空间？比特币创历史最高单日收盘价
• ·10月31日大成医药健康股票C净值下跌1.05%，今年来累计下跌13.9%
• ·数字加密货币是什么 数字加密货币是什么意思啊
• ·承租人如何计算经营租赁的初始直接费用？
• ·火币etc
• ·10月31日农银研究精选混合净值下跌0.54%，今年来累计下跌6.14%
• ·火币网怎么赚钱
• ·10月31日前海联合先进制造混合C净值下跌0.10%，近1个月累计上涨1.74%
• ·什么云什么天气插件-携程两个账户合并
• ·以太币挖矿机怎么挖矿
• ·美联储戴利称市场情绪受冲击但经济活动未受影响
• ·待处理财产损益属于备抵吗
• ·火币交易app
• ·无法支付的应付账款怎么处理