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Sun Yuchen accuses WLFI smart contract of secretly installing a backdoor; its token wallet was illegally blacklisted
ME News Report, April 12 (UTC+8), Sun Yuchen accused the WLFI team of multiple misconducts in a statement.
His allegations include charging users improper fees, secretly implanting backdoors to control user assets, freezing investors’ funds without disclosure and proper procedures, and more.
Additionally, he criticized the management of the voting process for lack of transparency, with outcomes predetermined and key information not disclosed to voters.
Sun Yuchen emphasized that these actions were not authorized by any fair, transparent, and friendly community governance process.
(Source: MLion)