Hanzo ㊗️
Hanzo ㊗️|Dec 26, 2025 03:41
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.(Hanzo ㊗️)
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