WBTC on TRON Seems to Be Fading Quietly
Last August, Justin Sun and BiT Global made some noise about getting more involved with Wrapped Bitcoin (WBTC). The press release at the time mentioned the Tron ecosystem—which, to be fair, does handle a lot of USDT stablecoins. But here’s the thing: WBTC on TRON already existed. It had been around since 2021, though hardly anyone used it. We’re talking maybe 100 bitcoins tied up in the whole thing.
Then, after the announcement, something odd happened. The WBTC on TRON dashboard quietly disappeared from Wrapped Bitcoin’s website. No explanation, no update. Gone were the details about approved partners and, more importantly, where the actual BTC backing the tokens was being held. That’s not exactly reassuring.
The Trail Goes Cold
Fast forward to now, and TRONSCAN—the go-to analytics tool for TRON—has stopped showing WBTC on TRON data altogether. If you dig into the smart contract, the last transfer was over two months ago, back in mid-April. And the total? Still hovering around that same 100 BTC mark. It doesn’t exactly suggest a surge in activity.
Nobody’s come out and said the project is dead. BitGo, BiT Global, Wrapped Bitcoin, and Sun himself haven’t made any official statements. But when a dashboard vanishes and analytics dry up, it’s hard not to wonder what’s going on behind the scenes.
Transparency—Or Lack Thereof
What’s more concerning is how this lines up with Sun’s other ventures. His exchange, Poloniex, offers another wrapped BTC product that’s similarly opaque. No clear info on where the backing BTC is stored. Now, with WBTC on TRON scrubbed from public view, it’s starting to feel like a pattern.
Protos tried reaching out to BitGo, BiT Global, and Wrapped Bitcoin for some clarity. No luck so far. Maybe they’ll respond eventually, or maybe this whole thing will just keep fading into the background.
For now, though, it’s hard to ignore the signs. A project that was barely used to begin with is now even harder to track. And when it comes to wrapped tokens—especially ones tied to real bitcoin—that’s not exactly a great look.
