Recommended

Crypto Deposit Make instant crypto transfers to your futures account
USDT-M Perpetual Futures Trade futures contracts settled in USDT
VIP Fee Discounts Enjoy different fee discounts based on your VIP level
Coin-M Perpetual Futures Trade futures contracts settled in cryptocurrency
Fiat Deposit Buy your favourite coins in seconds
Affiliates Invite friends & get rewarded
Convert Covert your crypto instantly
Support Centre Find our FAQs here
Announcements Find all our official announcements
BTCC Academy Learn about blockchain and crypto
News The latest trends in the crypto market

Promotions

Referral
Campaigns
Assets
Crypto Deposit
Fiat Deposit
Convert
Transfer
Withdraw
My vouchers
Fund history
Dashboard
Account Security
Identity verification
API Management
Transaction Report
Log out
register
BTCC / BTCC Square / Global Cryptocurrency /
WLFI Faces Renewed Centralization Concerns After Wallet Freeze And Asset Reallocation Plan

WLFI Faces Renewed Centralization Concerns After Wallet Freeze And Asset Reallocation Plan

Author:
Global Cryptocurrency
Published:
2025-11-21 15:10:03
18
3
BTCCSquare news:

World Liberty Financial (WLFI), the Trump-backed cryptocurrency platform, is under scrutiny for its handling of user funds following a series of controversial decisions. The platform, which markets itself as "community governed," has frozen wallets and announced plans to reallocate assets from compromised accounts, sparking debates about centralized control.

The asset reassignment stems from a pre-launch phishing attack that exposed seed phrases. WLFI claims the MOVE is necessary to protect users, but critics argue it contradicts the platform's decentralized governance claims. Over 272 wallets remain blacklisted, with unfreezing contingent on completing KYC procedures.

This isn't WLFI's first governance controversy. Similar concerns arose in September when the platform made unilateral decisions about token unlocks. The current situation highlights the tension between security measures and decentralized principles in cryptocurrency platforms.

|Square

Get the BTCC app to start your crypto journey

Download on the App Store GEI IT ON Google Play

Get started today Scan to join our 100M+ users

Exchange for a better future

Products
Services
Guides
About Us
Terms & Agreement
Customer Service

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2025 BTCC.com. All rights reserved

All articles reposted on this platform are sourced from public networks and are intended solely for the purpose of disseminating industry information. They do not represent any official stance of BTCC. All intellectual property rights belong to their original authors. If you believe any content infringes upon your rights or is suspected of copyright violation, please contact us at [email protected]. We will address the matter promptly and in accordance with applicable laws.BTCC makes no explicit or implied warranties regarding the accuracy, timeliness, or completeness of the republished information and assumes no direct or indirect liability for any consequences arising from reliance on such content. All materials are provided for industry research reference only and shall not be construed as investment, legal, or business advice. BTCC bears no legal responsibility for any actions taken based on the content provided herein.