The $wBTC Custody Risk Nobody Talks About:



$12B+ in wrapped Bitcoin sitting in centralized custody.

BitGo holds the keys to all of it. Single point of failure.

One regulatory letter, one hack, one bankruptcy - and that entire market has a problem.

@PortaltoBitcoin approach: no wrapping, no custodian, no minting.

You swap native $BTC directly across chains via atomic swaps.

Funds never leave your control.

Not saying $wBTC is going to zero, but worth asking why Bitcoin needs a custodian to participate in DeFi when the tech exists to avoid it entirely.
WBTC-1,41%
BTC-1,3%
DEFI2,76%
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