WLFI: There may be CEX transfers of user WLFI for dumping, and the team is investigating

Mars Finance reported on September 7th that Ryan Fang, head of growth at WLFI, said in an interview on Thursday evening that “the WLFI team believes that some large token holders may have manipulated the price, essentially to lock in profits. The WLFI team is convinced that in a world where centralized trading platforms hold a large amount of user funds, some trading platforms may attract user tokens and actually send user tokens (referring to WLFI tokens) to other trading platforms for sale. Once again, we are still exploring and discovering this issue and believe that the above situation has a certain possibility of occurring. Now imagine that a large trading platform holds a large amount of user assets and transfers a large amount of user assets to other trading platforms that may have better liquidity, while opening a very large short position. This is possible.” “In fact, some community members have been notifying the team on Thursday that they believe what I just mentioned is possible, and that this would be a huge systemic manipulation. The WLFI team will investigate and believe that it is very likely that a lot of damage has been caused in the past few days, but again, the team does not have detailed evidence of this information.” The price of the WLFI token hit a recent low of $0.1611 on Thursday night and has now rebounded to $0.2237 In the early hours of Friday morning, World Liberty blacklisted Justin Sun's address, locking 540 million unlocked tokens and 2.4 billion locked tokens. WLFI blacklisted 272 addresses over the past week, with on-chain records indicating some of these blacklistings were carried out in bulk. WLFI stated on Saturday that the blacklisting of 272 addresses was intended to protect user assets and that it would never block accounts for normal market participation.