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:市场数据)
- ·泉州二套房公积金贷款政策有哪些?我想在泉州买第二套房。
- ·众筹币怎么赚钱
- ·中币国际交易平台
- ·10月31日长城优选招益一年持有混合C净值增长0.20%,今年来累计上涨2.27%
- ·人人ico众筹平台-人人众筹平台官网
- ·虚拟货币钱包芝麻交易所web3版本下载-芝麻交易所web3钱包官方授权版v6.3.1下载
- ·nas币未来价格-nas币未来会怎样
- ·AscendEX unveiled Token 2049, leveraging the Federal Reserve's interest rate cuts to drive market frenzy
- ·特朗普批评欧盟汽车政策,指责贸易不公平
- ·股票如何看放量
- ·代开专票跨年可以作废或冲红吗
- ·食堂外包怎么做会计处理
- ·纳斯达克拟允许iShares以太坊信托实物申购赎回
- ·提示付款待签收是什么意思
- ·SEND NFT是什么?它如何运作?未来展望
- ·十月份一般穿什么衣服
- ·中国虚拟币平台排行|虚拟货币平台榜单一览
- ·购买莱特币推荐的软件app有哪些?十大综合排名靠前的莱特币软件
- ·OKX安卓客户端与电脑客户端下载指南
- ·10月31日摩根医疗健康股票C净值下跌1.22%,今年来累计下跌12.98%
- ·收sz平台币-收小7平台币
- ·10月31日汇添富鑫享添利六个月持有混合C净值下跌0.07%,近1个月累计下跌0.7%
- ·10月31日嘉实企业变革股票净值增长0.07%,近3个月累计上涨11.92%
- ·十大币圈交易所app下载v4.1.23_ok平台交易所最新版本下载地址
- ·以太坊移动钱包-以太坊手机钱包
- ·10月31日南方医药创新股票C净值下跌1.02%,今年来累计下跌7.34%
- · 欧易正规
- · 欧易交易所 电脑
- · oe交易所app下载
- · okx网页版
- · 欧易开户
- · 亿欧交易所下载
- · okb交易所官网
- · 欧易app官方下载入口
- · okcoin下载官方app