WLFI: Possible CEX Transfer of User WLFI for Dumping, Team Initiating Investigation

On September 7th, Ryan Fang, the growth lead of WLFI, stated in an interview on Thursday night that, "The WLFI team holds the view that certain whale token holders might have manipulated the price with the intention of locking in profits. The WLFI team is firmly convinced that in a world where a centralized exchange holds a substantial amount of user funds, some exchanges may attract user tokens and actually transfer the user tokens (referring to WLFI tokens) to other exchanges for sale. Once again, we are still in the process of exploring and discovering this issue and believe that the above situation is highly likely to have occurred. Now, let's imagine this: suppose a large exchange holds a significant amount of user assets and transfers a large quantity of user assets to another exchange that may have better liquidity, while also opening a very large short position. This is a possibility." "In fact, on Thursday, some community members have been notifying the team that they believe what I just described is possible, which would be a massive case of systemic manipulation. The WLFI team will conduct an investigation and believe that significant damage may have been caused in the past few days. However, once again, the team does not yet have detailed evidence regarding this information." On Thursday night, the price of the WLFI token hit a recent low of $0.1611 and has since rebounded to $0.2237; Early Friday morning, World Liberty blacklisted Justin Sun's address, locking 540 million unlocked tokens and 2.4 billion locked tokens; In the past week, WLFI blacklisted 272 addresses. On-chain records show that some of these addresses were part of a bulk blacklisting operation. WLFI stated on Saturday that the blacklisting of 272 addresses was to safeguard user asset security and would never ban accounts for normal market participation.