WBTC Depegs From Bitcoin

https://www.coindesk.com/markets/2022/11/28/wrapped-bitcoin-trades-at-discount-amid-market-contagion/

WBTC depegs from the Bitcoin price at about 1.5%. Bitgo the custodian to wbtc has reassured everyone that they have the backing of the wbtc pegged 1to1 with Bitcoin and can be verified on chain. Turns out Alameda wasnt the custodian of the wbtc but just a merchant. As of now the depegged wtbc is trading at 0.5% lower.
#wbtc #bitgo #alameda #bitcoin

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