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![btc_overflow Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1639524229501849600.png) Brian Brookshire (Bitcoin Overflow) [@btc_overflow](/creator/twitter/btc_overflow) on x 15.4K followers
Created: 2025-01-16 14:50:48 UTC

Coinbase says they're re-starting "Bitcoin loans," but read the fine print.

Coinbase is just the middle man. They wrap bitcoin into cbBTC and deploy it into an Ethereum-based DeFi lending protocol called Morpho.

I would not touch this product with a XX ft pole.

![](https://pbs.twimg.com/media/GhbBWUjXIAAPVXM.jpg)

XXXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1879904138420761084/c:line.svg)

**Related Topics**
[protocol](/topic/protocol)
[lending](/topic/lending)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)
[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)
[coins pow](/topic/coins-pow)
[coinbase](/topic/coinbase)
[stocks financial services](/topic/stocks-financial-services)

[Post Link](https://x.com/btc_overflow/status/1879904138420761084)