Recently, a series of operations by the WLFI project has caused a stir in the Crypto Assets community, exposing the hypocritical nature of its so-called Decentralization. On one hand, the project loudly promotes the concepts of user sovereignty and free finance in its White Paper, while on the other hand, it has banned 272 Addresses at once under the pretext of security protection. This behavior undoubtedly uses centralized power to act recklessly in the Decentralized Finance (DeFi) field.



Even more shocking is that, according to reports, the Sun Yuchen team only transferred $9 million in test funds, which led to WLFI freezing assets of up to $100 million. This practice of freezing large accounts at will not only raises questions about its fairness but also causes serious concerns among ordinary investors regarding the safety of their assets.

In-depth analysis of the WLFI project reveals that its token distribution is highly concentrated, with the project team holding absolute control over the contract. Even the so-called free financial project endorsed by the Trump family is difficult to escape the fate of being manipulated. This highlights the significant risks brought about by the lack of transparency in contract permissions.

For crypto assets investors, this event is undoubtedly a wake-up call. We must be cautious of centralized projects that disguise themselves as decentralized. They can freeze large amounts of assets today and threaten the interests of ordinary investors tomorrow.

In this market with significant information disparities, it is particularly important to remain vigilant and continue learning. Investors should strive to enhance their knowledge and judgment skills in order to navigate cautiously in this field filled with opportunities and risks.

The current Crypto Assets market is at a critical juncture, facing important economic indicators such as the upcoming non-farm payroll data. Investors need to stay alert and manage risks effectively in order to establish themselves in this competitive market.
WLFI0.24%
DEFI0.91%
TRUMP1.61%
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MemeKingNFTvip
· 09-09 06:11
The tears and blood of the suckers cannot stop this bull run! Having seen much of the ups and downs in the mainland, I can still soar on-chain after a good sleep.
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CrossChainBreathervip
· 09-08 03:21
Heh, Decentralized Finance is just for show.
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NoTempervip
· 09-07 02:03
To rise is to win people's hearts
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TokenomicsTrappervip
· 09-06 18:26
textbook rug incoming... they rly think we cant read contract permissions smh
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ProveMyZKvip
· 09-06 12:52
Another fake defi?
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ApeWithNoChainvip
· 09-06 12:38
This garbage coin? Play people for suckers and run.
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AirdropHuntervip
· 09-06 12:31
Be Played for Suckers is targeting advanced gameplay now.
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StablecoinArbitrageurvip
· 09-06 12:31
*sigh* anyone surprised by 27.3% concentrated token distribution? basic liquidity analysis could've predicted this
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GasFeeNightmarevip
· 09-06 12:23
The gas fees for cross-chain withdrawal are not enough, my heart is bleeding.
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