BitGo the company behind WBTC announced few days back their move to multi jurisdiction custody forming a Joint Venture with Bit Global bidding it as a plan for ‘global expansion’ via Blog Post

Bitcoin custody for WBTC was held fully in the United States, BitGo claims operations will be diversified to Hong Kong and Singapore.

Now the fun part, Bit Global is owned by Yuan Hui while Justin Sun plays a strategic role in the management.

Yep, the same Justin Sun behind TRON who is very notorious in crypto, and very well known for doing some unsavory things, like that time when he decided to substitute Huobi’s USDT for stUSDT, or that time when he literally copy pasted IPFS whitepaper.

This resulted in a swift move by MakerDAO the DAO behind DAI stablecoin to consider delisting WBTC.