I am the smart contract engineer who built the function that lets one anonymous wallet freeze any token holder's assets in the President's crypto project. I added it one week before trading opened. Nobody told the investors. At deployment, in September 2024, the contract was clean. Standard ERC-20. Auditable. The kind of contract you show to investors and say: "See? Decentralized." But we made it upgradeable. Eleven months later, on August 24th, 2025 — one week before trading — I pushed the v2 upgrade. The blacklist function. The freeze authority, routed through a 3-of-5 multisig where a single externally owned address serves as both the guardian and a signer on the multisig. One wallet. Two roles. Three of five votes to freeze anyone's tokens. Anyone's. We built a special vesting category. Category 3. There are 519 other investors. They're all in Category 1. Category 3 has exactly one member: Justin Sun, who put $75 million into the project. His allocation, isolated into its own bucket, governed by its own rules, monitored by its own triggers. But the blacklist function doesn't take a name. It takes a wallet address. Any wallet address. Then, in November, I added what we call "batch reallocation." It can move tokens from any wallet to any other wallet, at any time, at the discretion of the admin. We told people it was a phishing recovery tool. That's phishing recovery. The Trump family takes 75% of net proceeds from token sales. Eric Trump and Donald Trump Jr. manage the project. By December 2025, they had extracted roughly $1 billion. They hold another $3 billion in unsold tokens. The project calls itself decentralized governance. The governance token can be frozen by one person nobody will identify. That's governance. Three days before everything went public, on April 9th, the project deposited 5 billion WLFI tokens into Dolomite — a lending protocol co-founded by WLFI's own Head of Technical Strategy, Corey Caplan — as collateral and borrowed $75 million. Sixty-five million of it in USD1, the project's own stablecoin. After the deposit, WLFI accounted for 55% of Dolomite's entire total supply. Ordinary depositors who'd lent USD1 to the pool couldn't withdraw. Their liquidity was locked so ours could be free. Over $40 million of those borrowed funds went to Coinbase Prime. That's a fiat off-ramp. You borrow against your own token on a platform co-founded by your own Head of Technical Strategy in your own stablecoin, convert to cash, and call it treasury management. Sun moved 55 million tokens to HTX over three days. Minutes after he activated his wallet, the multisig changed his Category 3 to allow 20% transferable. Then froze him the moment he transferred. They were watching in real time. He called it a backdoor. Used that word. "A trap masquerading as a door." We sent the cease-and-desist on April 13th. "See you in court pal," the project wrote. Not for freezing his tokens. We can do that. The compliance module says so. The whitepaper says so. The single wallet controlling the multisig says so. We're suing him for calling it what it is. The function is not a backdoor. The function is a regulatory compliance mechanism that was absent from the original contract, added via an upgradeable proxy eleven months after a $75 million investment, one week before trading, into a custom vesting category built for a single investor, controlled by a single anonymous wallet, on a platform where the President's sons have already taken $1 billion in proceeds and borrowed $75 million against their own token on a lending protocol co-founded by their own Head of Technical Strategy in their own stablecoin three days before the largest investor went public. That's compliance. And if you're holding WLFI tokens right now, the same anonymous wallet that froze a billionaire can freeze you too.

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In 2026, I plan to be fully back to decentralized social. If we want a better society, we need better mass communication tools. We need mass communication tools that surface the best information and arguments and help people find points of agreement. We need mass communication tools that serve the user's long-term interest, not maximize short-term engagement. There is no simple trick that solves these problems. But there is one important place to start: more competition. Decentralization is the way to enable that: a shared data layer, with anyone being able to build their own client on top. In fact, since the start of the year I've been back to decentralized social already. Every post I've made this year, or read this year, I made or read with firefly.social/, a multi-client that covers reading and posting to X, Lens, Farcaster and Bluesky (though bluesky has a 300 char limit, so they don't get to see my beautiful long rants). But crypto social projects has often gone the wrong way. Too often, we in crypto think that if you insert a speculative coin into something, that counts as "innovating", and moves the world forward. Mixing money and social is not inherently wrong: Substack shows that it's possible to create an economy that supports very high-quality content. But Substack is about _subscribing to creators_, not _creating price bubbles around them_. Over the past decade, we have seen many many attempts at incentivizing creators by creating price bubbles around them, and all fail by (i) rewarding not content quality, but pre-existing social capital, and (ii) the tokens all going to zero after one or two years anyway. Too many people make galaxy-brained arguments that creating new markets and new assets is automatically good because it "elicits information", when the rest of their product development actions clearly betray that they're not actually interested in maximizing people's ability to benefit from that information. That is not Hayekian info-utopia, that is corposlop. Hence, decentralized social should be run by people who deeply believe in the "social" part, and are motivated first and foremost by solving the problems of social. The Aave team has done a great job stewarding Lens up to this point. I'm excited about what will happen to Lens over the next year, because I think the new team coming in are people who actually are interested in the "social": even back when the decentralized social space barely existed, they were trying to figure out how to do encrypted tweets. I plan to post more there this year. I encourage everyone to spend more time in Lens, Farcaster and the broader decentralized social world this year. We need to move beyond everyone constantly tweeting inside a single global info warzone, and into a reopened frontier, where new and better forms of interaction become possible.

My own personal opinion The U.S. govt should engineer a sharp price decline, forcing Saylor into liquidation Then the U.S. govt can stock up on BTC to back up the $USD as a reserve currency I think driving price to $30k would do the trick

her: what are you thinking about me thinking about how during the 10/10 crypto liquidation event some mysterious wallet got funded with 80-160 million USDC right before Trump's tariff post on China and then opened over a billion in shorts on BTC and ETH with perfect timing down to the minute and closed them at the exact bottom for 160-200 million profit which is impossible without insider info from Trump's circle since his family holds billions in WLFI tokens that dipped 25-30% but they bought back 1.4 million worth right after like they knew it was a setup to clean out leverage and then Binance and Bybit suddenly had "technical issues" freezing orders so traders couldn't close positions or buy the dip while the short whale executed flawlessly and at the same time oracles misfired prices causing stablecoins like USDE to de-peg to 0.65 only on Binance which triggered a cascade of unfair liquidations wiping 1.6 million accounts and 19-40 billion total but insurance funds barely budged and ADL kicked in clipping winners unevenly and market makers like Wintermute moved 700 million including 200 million BTC to Binance hours before like they were prepping the harvest and then data sites like Coinglass got hacked so no one could see the real numbers in real time and exchanges admitted to "system congestion" rejecting close orders with error codes -4118 -2022 -1008 while liquidations ran perfectly against retail and some positions got nuked 25x over even with low leverage because collateral was marked at bogus prints and then rumors spread of two massive trading firms going to zero forced to dump their entire top-100 token books in a fire sale amplifying the altcoin bloodbath down 50-80% in minutes and meanwhile the Chinese Loot Theory fits because Asia was sidelined all year by US narratives like ETFs that got delayed by the government shutdown so CZ launches Aster dex luring billions in OI from noobs right before Xi provokes Trump knowing it'd tank everything and loot the overleveraged longs waiting for SOL XRP DOGE ETFs that never came and then post-crash an invisible predator like a wounded whale or carcinogenic market maker keeps dumping majors into their own shorts suppressing recovery while crypto decouples from rising stocks just like FTX Alameda in 2022 dragging on for months disguised as a bear market and Binance might've orchestrated the whole thing by exploiting their own oracle vulnerabilities to de-peg USDE and cause the cascade specifically to take out Hyperliquid as a competitor but it backfired and now they're reviewing cases case-by-case promising comps benchmarked to midnight but only for that tiny depeg window ignoring the broader manipulation and the awful human cost of traders committing suicide the next day alongside hundreds of portfolios erased including funds that won't admit it publicly and the real winners were a handful of entities pocketing billions in zero-sum derivs while retail became collateral damage in a quiet war between giants and regulators never probe because it's all "just volatility" not negligence or coordination and the market's still acting weird with thin books and artificial pressure like someone's unwinding massive losses by selling non-existing BTC MtGox-style and no full logs or transparency ever gets published so it all smells like a highly coordinated harvest not a market event lmao what the fuck: nothing babe

Kash Patel has fired a senior FBI official after public flight data showed Patel used a government jet to fly and see his girlfriend perform at a wrestling match. news.bloomberglaw.com/us-law…

Why would you go after revenue? If you show people revenue, they’ll ask ‘how much?’. And it will never be enough. The company that was the 100x-er or the 1000x-er becomes the 2x dog. But if you have no revenue, you can say you’re pre-revenue and you’re a potential pure play