BiT Global, associated with Sun Yuchen, has abandoned its legal dispute with Coinbase over wBTC

ChainCatcher news, according to The Block, BiT Global's lawyers have withdrawn the lawsuit against Coinbase, which involved Coinbase delisting the wrapped Bitcoin token wBTC just two months after launching the competing token cbBTC. According to the agreement, both companies will pay their own legal fees.

BiT Global is a company supported by TRON founder Justin Sun and had previously partnered with BitGo as a "strategic partner" to provide the wrapped Bitcoin token wBTC. The dismissal of the lawsuit means that it will not be refiled.