BiT Global's lawyers have dropped a lawsuit against a trading platform that delisted the wrapped Bitcoin token wBTC just two months after it launched its competing token, cbBTC, Golden Finance reported. Under the agreement, the two companies will pay their respective attorneys' fees. BiT Global, a company backed by the founders of TRON, has been a "strategic partner" with BitGo to provide wBTC-wrapped Bitcoin tokens. The lawsuit is dismissed, meaning that the lawsuit will not be filed again.
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The founder of TRON supports BiT Global's withdrawal of the lawsuit against the delisting of wBTC on competing platforms.
BiT Global's lawyers have dropped a lawsuit against a trading platform that delisted the wrapped Bitcoin token wBTC just two months after it launched its competing token, cbBTC, Golden Finance reported. Under the agreement, the two companies will pay their respective attorneys' fees. BiT Global, a company backed by the founders of TRON, has been a "strategic partner" with BitGo to provide wBTC-wrapped Bitcoin tokens. The lawsuit is dismissed, meaning that the lawsuit will not be filed again.