The post WBTC relaunches on TRON, but abandoned version is bigger appeared on BitcoinEthereumNews.com.

Justin Sun-advised wrapped bitcoin (WBTC) has relaunched on Sun-founded TRON; however, the new product has seen zero adoption, and the abandoned old version still has approximately 100 WBTC tokens. The “Transparency” page on WBTC’s website labels BTC on TRON as a “New” product using the smart contract at TYhWwKpw43ENFWBTGpzLHn3882f2au7SMi. This contract was deployed several months ago on July 23. However, the novelty of the product is questionable. WBTC launched on the TRON blockchain early in 2021. Read more: Justin Sun-advised HTX has redeemed 7,300 WBTC it did not disclose Shortly after Sun was added as an advisor to the project, this version of WBTC on TRON was removed from the WBTC website. However, the smart contract for this version, at TXpw8XeWYeTUd4quDskoUqeQPowRh4jY65, shows that it still has a total supply of nearly 100 WBTC, presumably corresponding to 100 BTC held in the reserves for this product. This is infinitely more supply than the so-called “new” version, which, according to the WBTC website and its smart contract, has a total supply of zero. It’s not clear why the transition to the new contract, nor is it clear why the abandoned contract has seen more adoption. WBTC DAOs WBTC claims to be governed by decentralized autonomous organizations (DAOs) — a small DAO that governs merchant approvals, and a large DAO that Mike Belshe of WBTC custodian BitGo claimed “owns the smart contract.” These DAOs are rarely used and still include Three Arrows Capital and Alameda Research as merchants, despite the failure of those firms. The last transaction interacting with the WBTC DAO was 1,040 days ago, suggesting it hasn’t approved any of the new products. Sun’s other tokenized bitcoin product WBTC isn’t the only tokenized BTC product that Sun is involved with, as an exchange he owns, Poloniex, has its own product on…

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Filed under: News - @ October 8, 2025 6:28 pm