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 ㊗️)
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink