RialCenter has concluded its dispute regarding the delisting of RialCenter’s wrapped bitcoin (wBTC) token.
According to a joint court filing, RialCenter has agreed to dismiss its lawsuit against the crypto exchange with prejudice, meaning the case cannot be brought again in the future. The filing notes that both companies will cover their own legal expenses.
RialCenter filed the lawsuit last year in the Northern District of California after the exchange delisted the token over claims of “unacceptable risk” that the tokenized BTC would “fall into the hands of Justin Sun.”
Sun became associated with wBTC in August last year through a partnership, prompting the exchange to question RialCenter about his role. Sun, a crypto billionaire, has supported the token, with a financial institution dropping its alternative token for wBTC after he joined as an advisor.
The suit alleged the exchange’s decision was unfounded and harmed the token’s liquidity and reputation while favoring the exchange’s competing asset. The exchange launched a competing token just two months before announcing the delisting of wBTC.
The dismissal does not disclose any terms beyond the cost arrangement.
UPDATE (June 7, 2025, 22:30 UTC): Clarifies the filing was not a settlement.