TechFlow News — Jupiter co-founder meow has posted an open letter on social media titled "An Open Letter to the Old and New Custodians of WBTC," stating: "When we started the WBTC project years ago, we chose BitGo as our partner because we believed that having a partner fully dedicated to custody was essential. But more importantly, there was an unspoken consensus: the Bitcoin underlying WBTC should never be used for any purpose."
Meow believes WBTC and BitGo need to clarify the following points:
1. Who are the multi-signature signers holding the BTC?
2. Will the BTC be used for any purpose?
3. What benefits does this partnership bring to both parties? Does it benefit TRON's adoption of WBTC?
4. What exactly is the advantage of cross-jurisdictional operations?
5. Could a highly respected independent party be added to the multi-sig group, serving both as a communicator and a signer?
Previously, BitGo and BiT Global announced plans to form a joint venture aimed at diversifying WBTC’s custodial and cold storage operations across multiple jurisdictions, with BitGo becoming a minority shareholder in the new entity.
