justin sun vs wlfi
the original token deployed sep 2024 had no blacklist and no seizure, but it was upgradable. the blacklist was added in v2 on aug 24, 2025. 11 months after sun invested and one week before trading opened. on nov 19, 2025, another upgrade added batch reallocation, essentially seizing, justified with saving phished funds.
whatever the paper contract said, the code for vesting contract supports cliff dates, linear schedules, and up to 8 segments per category. wlfi used none of these to restrict sun. they chose 20% instant lump-sum unlock, then punished him for using a fraction of it. the remaining 80% has no vesting schedule at all, 7+ months later, claimable() returns 0.
the vesting contract has per-category schedules to enforce token lockups. what's interesting is wlfi has carved out a special category 3 specifically for justin sun, he's the only user in it. the other 519 investors are in category 1.
14 minutes before sun activated his wallet, wlfi's own 3-of-5 multisig configured category 3 to release 20% of his 3b allocation as freely transferable tokens at trading start.
over the next 3 days sun transferred out 55m. a single guardian eoa (also on multisig) blacklisted him. that address is also the sole owner of a second guardian safe with threshold 1. so one person can freeze anyone, while seizing requires 3-of-5.
meanwhile, the same multisig is using 5b wlfi as collateral on dolomite to borrow $250m in stablecoins. they represent 98% of all wlfi on dolomite and 86% of the protocol's entire borrow volume. two safes with the same five signers, running a usd1/usdc loop that recycles borrowed usd1 as collateral to borrow usdc and feed it back.
Ok no, it’s not a death sentence. But it could be. If the wrong decisions are made.
If Ethereum tries to compete with Tempo directly it will fail.
It’s going to ship faster, be quicker and have better distribution via Stripe’s integrations.
So if Ethereum tries to do normie payments and optimise the chain over time for it. Rekt. Tempo will simply make the trade offs and do the centralised regulatory capture games necessary to take payments. If it’s lucky.
Tempo itself will also be competing with a plethora of other corpo chains attempting to do the same. Google, other stable slop L1s, VISA, banks, central banks are all gonna have a bash.
It’s just a use case not meant for highly decentralised and permissionless architectures.
So Ethereum must go the other way. It needs to become the cypherpunk chain. It needs to be programmable money. Bitcoin adjacent. Strong immutability, permissionlessness and ultimately privacy.
There will be voices in the Ethereum world that want it to institutionalise. They will want to kill solo validators, go to sub-second slot times, play low latency games and concede to regulator demands. Ethereum simply cannot win on that frontier. It neither has the consensus, nor the bankroll for it.
Earlier in the year I gave a talk called FORK OFF at @protocol_berg in which I made the argument that we should think about forking away from the crypto stuff that is less value aligned. Not how I imagined it to happen, but effectively this is what this is.
The corpo-institutional technological trajectory is exiting Ethereum and finding its own trade off space to execute in. Good.
But, Ethereum must find its own space now. It needs to hit technological vectors that the centralised chains will not. Things like hard privacy tech, decentralised stablecoins, infofinance, DAOs, agentic systems, crowdfunding, permissionless DeFi. And fundamental freedom tools we haven’t even imagined yet. Serious cryptonative cypherpunk technologies.
It also has something that tempo will never have. Culture. Ethereum needs to go more subcultural and capture the mindshare of the artists, the revolutionary thinkers, the anti-corporate minded, the disaffected, the academics etc.
If it plays it right it will be basically the “Bitcoin but better” asset and without the security budget time-bomb.
Optimistically this might be the best thing that ever happens to Ethereum, but it must go its own way to win.
Is @ForgottenRunes/@RuniverseGame the future of on-chain MMOs…
or just another slow rug waiting to collapse?
After months of research, on-chain analysis, and community deep dives — here’s the no-BS breakdown.
Let’s talk transparency, tokenomics, and truth:
Credit @rCryptoDaddy for Dyor research
FORGOTTEN RUNIVERSE IS OFFICIALLY LIVE✨
✨ Claim your Quanta Airdrop in-game
✨ Log in daily for Boost Potions
Play Free Now: https://t.co/6IKnrQ32QF
A magical era has begun. No more wipes.
We're here to stay! 🧙♂️
I have become abundance-pilled by @ezraklein and @DKThomp.
Both political parties fail us with a scarcity mindset.
On the left: degrowth, regulatory overreach, opposition to nuclear, and a fetish for rationing resources.
On the right: economic protectionism, anti-immigrant policies, opposition to solar, gutting science programs, and nostalgia for a vanishing past.
What we need is abundance!
More housing to end shortages, more clean energy—nuclear, solar, geothermal—to power growth.
Build big again: modern grids, bridges that don’t crumble, high-speed rail.
Support American businesses—not with trade barriers, but by reducing red tape, incentivizing innovation, and opening doors to skilled immigrants who fuel our economy.
Invest in education and R&D to keep us ahead, not just coasting on yesterday’s wins.
Although Ezra and Derek lean left, the Abundance mindset isn't partisan - It’s the progressives dream of immigration and affordable housing, libertarians push for free trade and deregulation, conservatives love of American greatness—and a rejection of zero-sum thinking from all sides.
Scarcity traps us all; let abundance set us free!