WLFI governance voting accused of manipulation, the team is suspected of profiting from locked token holders

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Deep Tide TechFlow News, on January 21, crypto KOL DeFi^2 posted on social media that a recent governance proposal by World Liberty Fi has sparked controversy. The proposal calls for using 5% of the unlocked funds in the WLFI treasury to promote USD1 growth. The proposal is accused of being manipulated by the team and strategic partners to pass the vote, while ordinary investors’ WLFI tokens remain locked and unable to participate in voting.

According to official WLFI documents, the protocol revenue distribution structure shows that 75% belongs to the Trump family, and 25% to the Witkoff family, with token holders having no rights to any protocol earnings. Critics point out that the USD1 growth proposal forcibly passed by the team is actually aimed at selling WLFI tokens to increase the team’s own profits, while ordinary investors’ tokens remain forcibly locked.

After the vote, an observer discovered that 500 million WLFI tokens had been transferred to Jump Trading. Currently, WLFI has a market cap of approximately $17 billion, but due to the tokens lacking substantive governance rights, no profit sharing, and facing additional selling pressure, its value is questioned.

WLFI7,83%
USD10,02%
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