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Analysis

​​WBTC Wrapped Bitcoin Loses Peg

  • November 28, 2022

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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