Justin Sun: My personal participation in WBTC is only for strategic considerations. I do not control the reserve private key and have no right to transfer it.

Odaily News Justin Sun wrote on X platform: Recently, I heard that the community has some concerns about my participation in multiple projects including WBTC. I would like to clarify the following points: WBTC has not changed compared to before. Audits are conducted in real time and can be accessed through http://wbtc.network. The minting process is completely managed by custodians Bitglobal and Bitgo according to the same procedures as before. In short, Bitglobal and Bitgo will not sign any unaudited transactions. Keys are still protected using the same Bitgo cold wallet technology and offline keys as before, and are backed up in multiple countries and regions. My personal participation in WBTC is purely strategic. I do not control the private keys of the WBTC reserves, and I cannot move any BTC reserves.