WRAPPED BITCOIN
Following the chaos around FTX collapse in recent weeks, speculation is now rife around the Wrapped Bitcoin (wBTC) depegging from the Bitcoin price. The rumors suggest certain wBTC is missing as it belonged to Alameda Research.
The price of Wrapped Bitcoin (WBTC) should maintain a value of 1:1 with Bitcoin as the project developers claim that all WBTC is backed by an equal amount of BTC.
Rumours suggest that there’s approx 72,000 Wrapped Bitcoin held by Alameda Research (aka FTX) which now cannot be retrieved… that would equate to more than $1.1 Billion!
Following the chaos around FTX collapse in recent weeks, speculation is now rife around the Wrapped Bitcoin (wBTC) depegging from the Bitcoin price. The rumors suggest certain wBTC is missing as it belonged to Alameda Research.
The price of Wrapped Bitcoin (WBTC) should maintain a value of 1:1 with Bitcoin as the project developers claim that all WBTC is backed by an equal amount of BTC.
Rumours suggest that there’s approx 72,000 Wrapped Bitcoin held by Alameda Research (aka FTX) which now cannot be retrieved… that would equate to more than $1.1 Billion!