10.06.2025 17:05

A US federal judge has dismissed a lawsuit against Coinbase, brought by the cryptocurrency exchange BiT Global. The case centered around BiT Global's allegations concerning Coinbase's handling of "wrapped Bitcoin" (WBTC).

The ruling, a significant victory for Coinbase, effectively ends BiT Global's claims that Coinbase engaged in wrongdoing related to WBTC. Details of the specific allegations remain unavailable from the provided text, but the dismissal suggests the judge found insufficient evidence to support BiT Global's case.

This outcome carries substantial implications for the cryptocurrency industry. It could set a precedent for future legal disputes involving wrapped tokens and the responsibilities of major exchanges. The dismissal reinforces Coinbase's position within the market, highlighting the strength of its legal standing.

The original source of this information cites internet resources, highlighting the ongoing evolution of legal and regulatory landscapes within the rapidly expanding cryptocurrency sector. The decision underscores the complexities of navigating legal challenges inherent in this innovative and often volatile market.