Sun Yuchen: My personal involvement in WBTC is solely for strategic reasons, and I do not control the reserve private keys

ChainCatcher message, Sun Yuchen stated on social media: "Recently, I heard that the community has some concerns about my involvement in multiple projects including WBTC. I would like to clarify the following points:

There have been no changes to WBTC compared to before. Audits are conducted in real-time and can be accessed via http://wbtc.network. The minting process is entirely managed by custodians Bitglobal and Bitgo according to the same procedures as before. Simply put, Bitglobal and Bitgo will not sign any unaudited transactions. The keys are still protected using the same Bitgo cold wallet technology and offline keys as before, with backups in multiple countries and regions.

My personal involvement in WBTC is purely for strategic reasons. I do not control the private keys of the WBTC reserves, nor can I move any BTC reserves."