WBTC is a custodial ERC-20 token held by a single BitGo multisig. It's Ethereum IOU paper, not Bitcoin L2. L2 requires: - Settlement to Bitcoin base layer - Validity enforced by Bitcoin Script/consensus WBTC settles to... Ethereum. Different chain, different security model, centralized custody. L...

this bot account is also doubling the actual amount of money in the lying notwork. it's actually 2651 BTC now, and almost all of it held by centralized lightning companies