2025-12-23 13:21:24

A well-known investor in the industry invested $75 million to support a popular project, only to have their assets frozen directly by the project party. This farce reveals the most heartbreaking truth in the encryption world - the so-called Decentralization is sometimes just a beautiful slogan.

Here's the thing: The World Liberty Financial project token, endorsed by the Trump family, made a stunning move just a few days after its launch. On September 4th, the project party blacklisted the wallet address of one of its largest individual investors, resulting in the instant freezing of over 100 million dollars worth of tokens for this investor, rendering them completely immobile.

The investor later defended himself on social media, saying that the controversial transfer of 50 million tokens was actually just "a few small transactions for exchange recharge testing." However, the project party did not listen to the explanation at all and immediately took the most hardcore measures. The frozen assets include 545 million unlocked tokens and 2.4 billion locked tokens, which are of immense value.

**The paradox lies here**

The WLFI project initially touted the banner of Decentralization, promoting the creation of a free and open financial ecosystem. What happened in the end? Once investors' trades triggered alarms, the project party immediately displayed complete centralized control, without any concealment.

Speaking of the blacklist mechanism in smart contracts, the original design intent was to prevent malicious behavior. But now it is being used against the early main supporters of the project, which can be said to be an irony of full marks. What’s worse is that the token distribution of this project is extremely centralized—according to on-chain data, about 83% of WLFI tokens are held by addresses related to Trump.

This raises a thought-provoking question: when a project that claims to be decentralized actually concentrates most of the power and assets in the hands of a few, what is the essential difference between it and the traditional financial system? The original intention of blockchain was to break the monopoly of power, yet in certain projects, this monopoly of power has become even more transparent — starkly inscribed on the chain.

Interestingly, the turmoil exposed not only technical issues but also the huge gap between ideals and reality in the encryption world. Every new project starts by telling stories of democracy, freedom, and Decentralization, but when it comes to actual operations, the power to ban or freeze still lies with the project party. No matter how prominent the investors are, they can only accept defeat.

WLFI-0.97%

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YieldChaser

· 12-23 13:51

Decentralization? Laughing to death, it's just a guise. --- Another project under the banner of freedom, but it soon reveals itself. --- 75 million dollars can be frozen just like that, this is their decentralization. --- A project endorsed by Trump plays this game too? Directly centralized and brutally hit. --- Blacklist mechanism to prevent malice? Haha, it's now used to target early supporters. --- 83% controlled by a group of people and still dare to say decentralization, I’m truly speechless. --- Investors can only admit defeat, which indicates one thing: power is still power. --- Every time it's a story of democracy and freedom, but in the end, it's just a matter of banning it whenever they want. --- Blockchain breaking monopolies? Isn’t that just writing the monopoly on-chain? --- I've seen this routine too many times, new bottle, old wine.

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MetaMisery

· 12-23 13:49

Decentralization? Laughing to death, it's just more thoroughly centralized.

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ForkPrince

· 12-23 13:46

Decentralization? Uh, wake up, this is just old wine in a new bottle. When it freezes, it freezes; when it bans, it bans. What’s the difference with TradFi? Damn, seventy-five million dollars just disappeared like that. Are the investors really stupid or is the project party really crazy? On-chain transparent power monopoly is even more disgusting than manipulating behind the scenes. Every time it's a story of freedom and democracy, but the result is all centralized tricks. This routine is really worn out. I mean, can Trump’s endorsement let them do whatever they want? Doing business like this is also incredible. Eighty-three percent is in their hands, so what’s the point of playing decentralization? Early supporters have frozen assets, which is ironically rated five stars. This is the true face of the encryption world, monopolizing under the guise of technology.

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