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.