WBTC DAO to Migrate to New Multisig, Removes 11 Members Including FTX

Victor Tran, CEO of Kyber Network, announced that BitGo and Kyber Network are migrating the WBTC DAO to a new multisig contract. The old multisig will be deprecated.

Meanwhile, WBTC DAO will remove 11 members out of 18, including FTX, MakerDAO, Airswap and others. 6 new members will be added, such as Chainlink, Balancer and Multichain. After the migration, WBTC DAO will need 8 signers out of 13 to form a consensus.