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:财经专题)
- ·门罗币最初价格
- ·美元债异动|路劲ROADKG 7 PERP价格下跌6.623%报20.425
- ·特朗普总统发布新款 iPhone 和欧盟关税后,比特币下跌
- ·国内贸易信用保险,什么情况下能赔我?赔偿条件有哪些?
- ·鲸鱼飙升 200% 导致 PEPE 飙升 14%——这是否只是又一次零售 FOMO 激增?
- ·10月31日易方达宁易一年持有混合C净值下跌0.27%,近1个月累计下跌1.4%
- ·跨年税控盘全额抵扣分录怎么做
- ·NXPC鲸鱼投资者盈利160万美元
- ·2025年05月26日-2025年06月01日财经数据与事件精美周历壁纸发布
- ·兴城投资:决定不行使“22兴城Y6”债券发行人续期选择权
- ·怎样看火币行情-
- ·10月31日交银蓝筹混合净值增长1.95%,近3个月累计上涨14.28%
- ·Pi Network 今日新闻:5 月 23 日
- ·中华币挖矿软件下载
- ·林园买的股票-林园买的股票有哪些
- ·比特币什么原理图 比特币原理图详解
- · 虚拟货币交易
- · 亿欧app下载
- · 数字货币交易平台app
- ·欧易交易所下载
- · 欧亿app官网正式版下载
- · 虚拟货币交易平台排名
- · 欧易app官方下载入口
- · 欧易交易所 电脑
- · 虚拟货币交易平台有哪些
- · 欧易最新版本
- ·以太坊“余烬之剑”关闭,投资者陷入混乱
- ·全球最大的虚拟货币 交易平台排行 全球八大数字货币 交易平台排名
- ·黄金仍处牛市初期?原油恐存深度回调风险 | Live分析更新中
- ·PENGU 下跌 9%,转为高风险:买家能否再次捍卫 Pudgy Penguins?
- ·dtb币价格图-dta币价格
- ·10月31日富国研究优选沪港深灵活配置混合A净值下跌0.79%,近1个月累计下跌6.79%
- ·领发票需要本人去吗
- ·比特币官网交易平台
- ·索拉纳 (Solana) 测试 190 美元,空头火爆:他们看到了什么而其他人没有看到?
- ·10月31日华宝大盘精选混合净值下跌0.27%,近1个月累计上涨0.29%