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I have been intensely interested in WBTC since I heard Justin Sun had found a way to get involved.

How involved is Justin Sun with WBTC's new custodian BiT Global?

I was looking over the WBTC website again recently, taking a look at the WBTC on Tron page and I noticed that 99.9% of all WBTC on Tron was issued by a single WBTC merchant.

The weird thing is that this merchant is listed as 'Unknown,' which seemed strange to me because I was under the impression that WBTC would know who the DAO had given minting keys to.

The address in question, TWtqXzfx8vWf7gnhM1HKKHo7zvwRA65NdQ, is labeled on Tronscan as Alameda Research, the ill-fated embezzlement operation owned by Sam Bankman-Fried.

It has also been previously reported that Alameda Research was responsible for these mints.

What is strange is that despite listing it as 'unknown,' if you hit the orange 'GET WBTC' button on the website, it still redirects you to Alameda Research's website, which, of course, is defunct.

Now, I know what you're thinking; obviously, the 'WBTC DAO' held a vote and eliminated Alameda Research as a merchant, and that's why it's now listed as unknown. There's reason to believe this as if you head to the WBTC on Ethereum page, you'll see that Alameda Research is now listed as 'Alameda (Removed).'

Strangely, Wyre and Three Arrows Capital are not listed as removed, despite their failure.

Wyre's corporate entities are in disarray but it may still be serving Binance US

Also, if you navigate to the Ethereum address that supposedly holds the contract for merchants of WBTC, 0x3e8640574aa764763291eD733672D3A105107ac5, and use the getMerchants function, it still returns 0xa726c00CDa1f60AaaB19BC095D02A46556837f31, an Alameda Research address, as one of the merchants.

On the GitHub for the DAO, Alameda Research is listed as 'remove soon,' as is Three Arrows Capital.

Lucky for all of us, the new 'strategic partnership between BitGo Justin Sun, and the Tron ecosystem' will lead to only good things for this coin, and surely niggling issues like this will be resolved in due time. Every other Bitcoin project Sun is involved in does only highly transparent and good things.

Justin Sun's USDD removes 12,000 BTC without DAO approval

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