The farce between Sun Yuchen and $WLFI reveals more than just a simple issue of exploiting investors.
Three core doubts deserve attention: Were Huobi's client funds misappropriated to manipulate the market? What are the boundaries of the $WLFI team's authority over the frozen addresses? Has Sun Yuchen's political donation strategy already failed?
This is not a performance; both parties have suffered too much damage to their images, and the economic and political costs are not worth it. When the actions in the crypto world start to be scrutinized by a broader audience, some reputational losses cannot be bought back with money.
What the market needs is transparency, not power games.
#TRON #TRX #DeFi #Crypto
Show original
52.87K
7
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.