2 hours ago

WLFI Governance Vote: How a Coercive Ballot Captured 99.5% Approval From 18,000 Token Holders

TLDR: WLFI ballot gave holders no exit — accept vesting or face indefinite asset freezes with no appeal process. Four wallets controlled 40% of the vote, and one address alone exceeded the quorum threshold single-handedly. Founders retained 40.7 billion tokens worth $3.2B after burning only 4.5 billion — a 1:9 sacrifice-to-retention ratio. Simultaneous token unlocks [...]

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Source: Blockonomi →