BitGo CEO: WBTC Is Segregated and 1:1 Backed With Bitcoin

Mike Belshe, CEO of BitGo, responsed to questions about WBTC price action on Twitter.

"Lots of questions in the past few days about WBTC price action because it dropped 75bps from BTC price. For the record: check https://wbtc.network to see the on-chain proof of reserves; segregated and 1:1 backed," said Mike Belshe.

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