How involved is Justin Sun with WBTC’s new custodian BiT Global?
Justin Sun will be part of a new joint venture with BiT Global (a Bithumb company) and BitGo to operate Wrapped Bitcoin (WBTC) products. However, a close review of BiT Global’s corporate filings shows concerning connections to Sun’s empire. BitGo founder and CEO Mike Belshe took to the MakerDAO forums to defend the new joint venture, stating that Sun was “not in the management team of BiT Global nor does he have any key material access.” He also further encouraged people to “confirm that BiT Global is a licensed TCSP in Hong Kong.” BiT Global Trust Limited is a licensed TCSP in Hong Kong (license number TC009340) but a close review of corporate records suggests Sun may be deeply involved with the firm. Companies Registry – Company Particulars – BiT GlobalDownload The Hong Kong corporate registry lists two directors for this firm: Zhihong Liu and Yiying Jiang. Yiying ‘Jennifer’ Jiang is also involved with other firms...