Wrapped = Risk! Pure Form Always (Patreon)

This above is from Coinbase. We will discuss on DCA tomorrow morning.

Wrapped assets, like Bitcoin wrapped as cbBTC, come with risks. According to the fine print, if Coinbase loses the Bitcoin backing cbBTC, they aren't liable for the full value you lost. Instead, they owe you a proportionate share of the remaining Bitcoin, which could potentially be zero.