Coinbase's Chief Legal Officer, Paul Grewal, announced that the company has decided to completely dismiss BiTGlobal's lawsuit, which they deemed unreasonable. Previously, Coinbase successfully rejected a court request to continue listing a token that did not meet their standards. Grewal emphasized that Coinbase is not legally required to hold assets with high risk levels, particularly those associated with Justin Sun. The decision underscores Coinbase's commitment to maintaining a secure trading environment for its users.

PANews reported on January 22 that Paul Grewal, chief legal officer of Coinbase, posted on the X platform: "Last month, we successfully rejected an unreasonable request for the court to force us to continue to list a token that no longer meets our listing standards. Today, Coinbase decided to completely dismiss BiTGlobal's unreasonable lawsuit. There is no legal requirement that Coinbase must custody assets with unacceptable risk levels due to association with Justin Sun and others. We have every right and responsibility to ensure a safe and trustworthy trading environment for our users. We thank the court for its serious consideration of this matter."

Coinbase Dismisses BiTGlobal's Lawsuit, Emphasizes Security Standards