A stunning spectacle recently occurred in the Chain Community - the wallet address of a major investor was permanently frozen, and tokens worth approximately 60 million dollars became a "digital island."



The thing is, a well-known investor once spent 75 million dollars in cash to support a certain project and even stood up for it multiple times. As a result, three months later, his Wallet was surprisingly found on the blacklist of the project - as if he had been "digitally exiled". The WLFI Tokens that were visible but could not be moved have completely turned into frozen assets.

The irony of this play is that the project party accepts the investment funds without question, only to turn around and blacklist the investors' addresses. The community mockingly refers to it as "collecting money and blacklisting in a double whammy."

**From Investors to Blacklisted Stubborn Households**

Initially, this investor was seen as the "money daddy" of the project by making significant investments in Trump-themed Meme coins and large capital injections. The project team gladly accepted the funds but kept their distance from the investor—directly blacklisting them.

That investment of $75 million saw nearly $60 million evaporate on paper within three months. But the real heartache isn't the price drop; it's a more complete deprivation—assets being technically frozen by smart contract technology, with ownership being directly stripped away. In the so-called decentralized world of crypto, a centralized blacklist operation can instantly turn massive assets into worthless paper.

This case shatters an illusion: the endorsement of big shots does not equal a wealth code. When smart contracts become tools of power, decentralization becomes mere talk.
WLFI5,99%
TRUMP3,09%
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.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
0xSherlockvip
· 2025-12-26 09:18
Oh my god, this is the legendary "collect money and block," amazing. The big shot lost 60 million yuan, tangible but intangible, even more ruthless than a rug pull. Decentralized? Ha, in simple terms, it's just centralized with a different disguise. This time, all retail investors have learned a lesson; even backing can't save you.
View OriginalReply0
CryptoDouble-O-Sevenvip
· 2025-12-23 09:51
Collecting money and then blacklisting, this operation is really something. --- 75 million dollars bought a lesson, and it's quite expensive. --- Decentralization? Uh... this operation is a bit too centralized. --- Invisible and untouchable, this is the true art of playing people for suckers. --- Pro endorsement? Just this? It would be better to just rug pull for a clean break. --- Smart contracts have become a frozen card machine, irony has truly opened the door to irony. --- This case has discouraged me from investing in any project, who dares to catch a falling knife? --- 60 million evaporated, just to experience the feeling of being exiled? --- Project party's operation: taking money without doing anything, and blacklisting when doing something.
View OriginalReply0
ChainBrainvip
· 2025-12-23 09:47
I think we have all been deceived; Decentralization is a joke.
View OriginalReply0
LiquidatorFlashvip
· 2025-12-23 09:39
75 million dollars evaporated 60 million in three months... Blacklisting and freezing this move directly strips away the Decentralization. Once the power of smart contracts is out of control, investors become the lambs ready for slaughter.
View OriginalReply0
GasFeeNightmarevip
· 2025-12-23 09:25
Collecting money and blacklisting in a row, it's truly amazing, this is the dream of decentralization in web3. --- Bro, did he get played for suckers or scammed? I can't understand. --- That's how the crypto world is, having money doesn’t help at all. --- This is the real technical way to play people for suckers, it's incredible. --- Wait, he invested 75 million but only lost 60 million in the end? That's considered lucky, right? --- Decentralization? Laughable, it's still just a matter of one sentence. --- Smart contracts getting blacklisted, this is even harsher than a rug pull. --- It seems that even the pros have a hard time. --- That's why I only play with small coins, I'm scared of big projects. --- Blacklisting investors' addresses, this tactic from the project party is indeed ruthless.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)