BiT Global, the crypto firm connected to TRON founder Justin Sun, has officially dropped its lawsuit against Coinbase regarding the delisting of wrapped bitcoin (wBTC) from the exchange. 

The suit, filed late last year, accused Coinbase of an unjustified delisting that allegedly harmed wBTC’s liquidity and reputation, and claimed the move favored Coinbase’s rival token, cbBTC, which had been launched just two months before the delisting.

This story is an excerpt from the Unchained Daily newsletter.

Coinbase cited “unacceptable risk” as the reason for delisting wBTC, specifically expressing concern that the token could fall under Sun’s influence following his partnership with BiT Global. 

The lawsuit had initially sought more than $1 billion in damages and injunctive relief to prevent further harm to wBTC’s market position.

The suit was dismissed on Sunday “with prejudice,” meaning that BiT Global cannot bring the same claims again in the future, and both parties agreed to cover their own legal expenses.