PANews reported on June 8 that the law firm BiT Global agreed to drop the lawsuit against Coinbase for delisting wBTC just two months after launching the competing token cbBTC. According to the documents, BiT Global's lawyers agreed to drop the lawsuit, which means that the lawsuit cannot be filed again. The two companies agreed to pay their own legal fees arising from the lawsuit. BiT Global, a law firm backed by Justin Sun, became a "strategic partner" with BitGo last year to jointly launch wBTC.