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A comment on Binance has paused Bitcoin withdrawals “due to a stuck on-chain transaction”. Parent comment

Re:Binance has paused Bitcoin withdrawals “due to a stuck on... by yellow_postit on Monday June 13, 2022 @10:10AM (#31725819)
There’s wrapped BTC which is an eth network token “backed” by BTC.

[1] https://wbtc.network/

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Re:Binance has paused Bitcoin withdrawals “due to a stuck on... by bidirectional on Monday June 13, 2022 @10:20AM (#31725992)
Why the scare quotes? It's all verifiably backed on chain.
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Re:Binance has paused Bitcoin withdrawals “due to a stuck on... by yellow_postit on Monday June 13, 2022 @10:27AM (#31726096)
Fair question, the quotes are from my general unease with claims of being backed and audited in the crypto space — see Tether — means for now with crypto I assume these are marketing claims until there’s more meaningful regulation in multiple countries.
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