WBTC loses its peg to Bitcoin on Justin Sun-backed Poloniex

CAT April 30, 2024 1 min read

Denis Omelchenko

Justin Sun’s crypto exchange Poloniex sees WBTC trading at a 20% discount, raising concerns over its peg to Bitcoin. The price of Wrapped Bitcoin (WBTC) on Poloniex in a trading pair with BTC has dropped by 22%, raising concerns over…

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WBTC loses its peg to Bitcoin on Justin Sun-backed Poloniex

Tags: #bitcoin #blockchain #cryptocurrency #eth btc Ethereum

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