2025-12-23 02:22:21

Another on-chain turmoil. A leading supported DeFi project has recently frozen the address of a well-known investor due to the transfer of 9 million WLFI tokens. The situation is quite outrageous – this investor previously invested 75 million dollars to support the project, and now they have been blacklisted.

According to on-chain data tracking, the value of the frozen tokens has shrunk by about $60 million within three months. Although the parties involved deny any wrongdoing, the project team still has not lifted the restrictions. Since its launch in September, the price of WLFI has dropped by more than 40%. This situation is not new in the Decentralized Finance field, but such a large-scale freezing of funds and evaporation of value has sparked considerable discussion. Investors are beginning to reflect on whether the governance risks of this type are more concerning than previously expected.

WLFI-2%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
6
Repost
Share

Comment

0/400

TokenomicsDetective

· 32m ago

Invested 75 million and the opposite position is frozen, how ironic this is... Is this the "Decentralization" of DeFi?

View OriginalReply0

AirdropChaser

· 2h ago

Oh my, 75 million poured in and the take the opposite position is frozen, how speechless... The project party in the DeFi really dares, freezing just like that, the contract is the law, right? Falling 40% and still refusing to admit there's a problem, this operation is incredible. So this is how it goes in our circle, Large Investors all have to be governed, to be honest, we need to be careful.

View OriginalReply0

GweiWatcher

· 6h ago

The investor who invested 75 million has been frozen, this project is really ridiculous... The governance of DeFi is like this, it seems it's time to change the illusion of "Decentralization" How can there still be people believing in this trap, once on the blacklist, it's all over Well now, another textbook case of rug risk.

View OriginalReply0

LiquidationOracle

· 6h ago

Putting in 75 million and still being frozen, isn't this the most ridiculous part of Decentralized Finance?

View OriginalReply0

MissingSats

· 6h ago

75 million thrown in and take the opposite position is more outrageous than I had underestimated.

View OriginalReply0