Mike Belshe, the CEO of digital asset custodian BitGo, has confirmed that Alameda Research attempted to redeem 3,000 wrapped Bitcoin (wBTC) just days before the firm filed for bankruptcy.
In a Twitter Spaces discussion hosted by decentralized finance researcher Chris Blec, Belshe revealed that BitGo rejected the redemption request because the representative from Alameda failed to pass the company’s security verification process and seemed unfamiliar with the wrapped Bitcoin burning process.
Belshe said that the 3,000 BTC mint request remains “stuck” on BitGo’s dashboard and will likely be left there until dealt with by the trustees handling Alameda’s bankruptcy case.
