Will Bitcoin loss not be fully compensated? Coinbase Chief Legal Officer Interprets Controversial Terms of cbBTC
Recently, someone in the community pointed out a concerning clause in the user agreement of Coinbase's newly launched packaged Bitcoin product - cbBTC. This clause states that if the reserve base Bitcoin is lost due to malicious activity or unforeseeable events, Coinbase will not fully compensate customers, but will give customers a "proportionate share of the remaining Bitcoin".
Regarding this, Paul Grewal, the legal director of Coinbase, clarified that if Coinbase loses Bitcoin due to its own negligence or external malicious behavior, they will fully compensate customers for their losses, and even if these bitcoins are lost, Coinbase will ensure that customers will not bear these losses.
Paul Grewal further explained that Coinbase is only liable to a limited extent for the risks associated with some complex transactions or the use of leverage. For example, if a user uses cbBTC as collateral on a lending platform and the underlying Bitcoin is liquidated due to some malicious activity, Coinbase will only compensate them for the lost portion of Bitcoin and will not compensate for other financial losses caused by liquidation (such as liquidation fees or leverage losses).
In summary, Coinbase has clarified that they will fully compensate for Bitcoin losses caused by external malicious behavior, but if users participate in high-risk transactions, the potential losses caused by these transactions will not be within their compensation scope.
Due to the involvement of Sun Yuchen, the largest packaging Bitcoin in the Ethereum ecosystem, wBTC has raised doubts from various parties and provided development opportunities for packaging Bitcoin, including cbBTC.
According to previous reports from Zombie, the cbBTC issued by Coinbase accumulated nearly 2000 circulating tokens within just one week of its launch, becoming the third largest packaged Bitcoin token. Nevertheless, wBTC still dominates the market for packaging Bitcoin, with nearly 153000 tokens currently in circulation and a market value of approximately $9.6 billion, far surpassing its closest competitor tBTC, which has only about 3400 tokens.
On the other hand, the head of cryptocurrency exchange Coinbase Singapore also announced at the Solana Breakpoint 2024 event held in Singapore on Saturday that the company plans to introduce its cbBTC token into the Solana blockchain.
(责任编辑:商业观察)
- ·瑞士的 SIX Group 考慮推出加密貨幣交易所
- ·什么人群不适合吃枸杞-什么人群不适合吃枸杞头
- ·捷信可以申请现金贷吗?具体怎么做。
- ·企业贷款要怎么申请?流程和条件有哪些?
- ·贝莱德的现货比特币 ETF IBIT 是否变得太大而无法忽视?
- ·火币网怎么充值美元
- ·有进项没销项怎么处理
- ·保单是否属于被保险人的资产呢?
- ·拍拍贷能同时借3笔吗?最多可以同时借几笔贷款啊?
- ·前海数字交易平台
- ·宜人贷极速模式借款成功后钱在哪?不是很清楚。
- ·10月31日汇添富优选回报混合C净值增长0.14%,近3个月累计上涨16.32%
- ·销售退回冲减当期收入还是去年收入
- ·10月31日招商安裕灵活配置混合C净值下跌0.02%,近1个月累计下跌0.13%
- ·请问简单借款上征信吗?我在简单借款上贷了一笔款,马上到还款日了。
- ·etf股票篮-etf股票篮子
- ·10月31日中欧新蓝筹混合C净值下跌0.31%,近1个月累计下跌4.36%
- ·10月31日大成国企改革灵活配置混合C净值下跌0.24%,近1个月累计下跌5.32%
- ·10月31日大成动态量化配置策略混合C净值下跌0.24%,今年来累计下跌33.71%
- ·fil今日最新价格多少
- ·10月31日嘉实积极配置一年持有混合A净值增长0.82%,近3个月累计上涨24.52%
- ·10月31日华西优选成长一年持有混合净值增长1.86%,近3个月累计上涨23.1%
- ·maxcoin钱包安装-maxwallet钱包官网
- ·10月31日大成医药健康股票A净值下跌1.06%,今年来累计下跌13.63%
- ·区块链行情列表
- ·中远海控(01919.HK)10月31日耗资3613万港元回购310.9万股
- · okcoin下载官方app
- · oe交易所app下载
- · 欧亿app官网正式版下载
- · 虚拟货币交易平台排名
- · ok币
- · 加密货币交易所
- · 欧易开户
- · 虚拟货币交易平台排名
- · 虚拟货币交易
- ·欧易交易所下载