Analysis
WBTC Wrapped Bitcoin Loses Peg
Due to the crash of Alameda, investors are concerned about WBTC. Wrapped Bitcoin has now been off peg for 14 days and the current WBTC/BTC price is about $0.993. BitGo COO responsed that BitGo is just the custodian, every WBTC is 1:1 backed, verifiable on chain.
It is worth nothing that Alameda is the largest mint of WBTC, with more than 100,000 WBTCs; the second largest is Coinlist, which has recently been difficult to withdraw coins, with more than 48,000 WBTCs.
👉 https://cryptorank.io/price/wrapped-bitcoin
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