An inside joke that suggested Wrapped Ethereum (wETH) is insolvent and may soon depeg from ETH may have gone too far.
Speaking to Cointelegraph, Markus Thielen, the head of research at crypto financial services platform Matrixport has also confirmed that there is little to no truth to the WETH “shitposts.”
“I am not too concerned about WETH as it's a smart contract and not stored by a centralized exchange. Since the smart contract is open source, it can be checked for bugs or flaws.”
France Dernières Nouvelles, France Actualités
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