The quest to decentralize wrapped Bitcoin has become a Sisyphean effort, with projects pushing toward decentralization only to be pulled back into centralized control. WBTC, holding nearly $10 billion, faces heightened risk as custody shifts to a joint venture between Bitgo, Bit Global, and the controversial figure Justin Sun, known for actions that compromise transparency, like suspending real-time reserves for TrueUSD. History has shown similar patterns: RenBTC, once promising decentralization, eventually succumbed to centralization after Alameda’s acquisition, leading to a collapse post-FTX. TBTC seeks to break this cycle through decentralized architecture rooted in threshold cryptography, aiming to resist corporate capture. Show Less