SolCollecTrader @SolCollecTrader

@FatherBeard86 deleted twitter and discord. hard rugged

@TheCoffeeJesus YOU are the one who is causing the dump. But nice edit in your post though.

@Li_memecoin easy 10x from here with the right moves

Analysis Report: Why Centralized "Decentralized Wallets" with Chinese Backgrounds Are Untrustworthy Background Overview OKX Wallet, developed by OKX, claims to be a decentralized wallet, promoting features like user-controlled private keys and access to Web3 ecosystems. However, recent incidents, such as its ability to block specific tokens like $Li, raise serious concerns about its true decentralization and credibility. This report analyzes the risks and reasons why such wallets, particularly with Chinese backgrounds, are unreliable. Core Principles of Decentralization The essence of decentralization lies in: 1. User-controlled private keys: Only the user has access to and control over their private keys, with no third-party interference. 2. Unrestricted on-chain activity: The wallet acts solely as a tool to access blockchain ecosystems, without the ability to manipulate or restrict transactions or assets. 3. Transparency through open-source code: Decentralized wallets should have publicly available code, allowing users and the community to verify their functionality and ensure no backdoors exist. Any deviation from these principles undermines the credibility of a decentralized wallet and exposes users to significant risks. --- Issues and Risks with OKX Wallet 1. Blocking of $Li Token OKX Wallet’s ability to block specific tokens like $Li demonstrates that it has mechanisms in place to monitor and intervene in users' on-chain activities. Technically, this could be achieved through centralized API layers or front-end interfaces, which contradict the decentralized wallet design philosophy. 2. Restricted Asset Freedom A truly decentralized wallet must allow users to freely access and trade any blockchain asset. By implementing token-specific blacklists, OKX Wallet clearly undermines users’ autonomy over their assets. 3. Chinese Background and Regulatory Pressure OKX’s Chinese background makes it subject to stricter regulatory and political control, particularly concerning compliance with domestic policies. Even though OKX is officially registered offshore (e.g., in Seychelles), the operational influence of its Chinese core team makes it vulnerable to external governmental demands, such as freezing assets or limiting access to certain tokens. 4. Misleading Decentralization Claims OKX Wallet advertises itself as decentralized, but its ability to block specific tokens exposes a centralized control layer, eroding trust among users. If a wallet can manipulate user transactions or assets, it cannot truly be considered decentralized. Instead, it functions as a centralized service with a misleading front. --- Risks of Wallets with Chinese Backgrounds 1. Data Privacy Risks Wallet addresses and transaction histories may be tracked and shared with government authorities, exposing user data to surveillance. 2. Asset Security Risks Wallets with centralized control mechanisms can freeze or transfer user assets without consent, creating a significant risk of loss. The $Li token incident suggests the presence of a backend control system, which could extend to other tokens and accounts. 3. Lack of Transparency Decentralized wallets are typically open-source to ensure their security and functionality. Wallets with Chinese backgrounds often lack transparency, making it impossible to verify the absence of backdoors. 4. Policy Intervention Risks Companies with Chinese ties are compelled to adhere to local regulations, which may result in user accounts and assets being affected by sudden policy changes. --- Recommendations and Countermeasures 1. Use Truly Decentralized Wallets Wallets like MetaMask and Trust Wallet have not shown evidence of intervention in user activities and offer a higher level of decentralization.

They don't know WE ARE the media now $LI

Autism Capital 🧩 @AutismCapital

a year ago

"They don't know that I'm the media now."

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youtube.com/watch?v=pGpLEh… 身正不怕影子斜 @whyyoutouzhele answers questions on $LI X Spaces soon

@fxnction $LI is dirt cheap rn anyway. can always slowly sip the dip with profit made elsewhere to grow the bag!

When politics influence an exchange like @okx

李老师不是你老师 @whyyoutouzhele

2 years ago

我很想知道为什么OKX作为一个世界领先的数字货币交易平台，会将一个在 @pumpdotfun 上公平发射的项目标记为貔貅盘并且屏蔽掉。Pumpfun上发射的项目在架构上都是一致的，如果OKX 认为 $LI 是貔貅盘，那么你们发行的那么多基于Pumpfun发布的项目是不是貔貅盘？

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刚刚，李老师已经将个人持有的2%中的 1.8% $LI 在 lock.jup.ag上锁定一年 Just now, Teacher Li has locked his personal holdings of 1.8% $LI on lock.jup.ag for one year solscan.io/account/FsYz66…

@Li_memecoin bullish!

@Li_memecoin @multisig building slowly!

基金会持有的 19.5% 代币已经使用 @multisig 多签钱包进行管理，实现去中心化管理 多签钱包地址：6kjz8dB8t3emRSMWQRJGwQ5dgZtdSsByNvAjEUUuyEq7 目前，有三个持有人共同管理这个钱包，每次进行钱包操作，需要两位以上签名才可以进行，我们正在邀请更多人加入共同管理这笔基金，基金的每一笔用途都会进行公示 The 19.5% of tokens held by the foundation are now managed by a @multisig multisig wallet for decentralized control. Multisig wallet address: 6kjz8dB8t3emRSMWQRJGwQ5dgZtdSsByNvAjEUUuyEq7 Currently, three holders manage this wallet together. Any wallet action needs signatures from at least two holders to proceed. We are inviting more people to join in managing these funds, and we will make public every use of the funds. @whyyoutouzhele: GzQaoBtGC38T56uK7cUtiGuiUCJaZdHxKtEtVsfpBajg @torontobigface: BC4JrpkTyJPfcBTsR6boFft19m4zX9jEfcZiDiDJfdPz @xumouren_yt: DE68Dka43YVxGTuWWELERyStkGCBnFAC7i2asSY2Xcc7

Li @Li_DAOmeme

2 years ago

今天我们很高兴的宣布，我们在Sol上发行了我们的迷因币 $LI ，以帮助我们的团队持续运营这个账号。 $LI 将以一个基金会架构, 后续会邀请更多业内人士作为基金会成员，通过多签钱包管理基金会的支出，确保基金会的去中心化，以完全公开透明的方式进行运作。

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While $Li dips, I keep buying more. I don’t care, I like this one. Maybe I’m wrong and I eat a fat loss. But maybe not…

Li @Li_DAOmeme

2 years ago

BBC 的这个报道可以帮大家理解$LI 的理念 This BBC report can help you understand the idea of $LI bbc.co.uk/news/articles/…

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@fxnction preach brother!

holding it for fun because it was free money anyway. not really losing anything even if it goes to 0

cloudz @cloudz

2 years ago

no this is not a memecoin. it’s the biggest NFT marketplace who’s still holding their $ME ? 😭😭

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@lilaoshizuikeai W post

@shilllin $LI

Pretty early find still

@shahh $99CENTS and $PONKE

In Doug We Believe

drift @0xtrendrift

2 years ago

Tomorrow marks the 99th day since @99CENTS__ was accidentally born. On Monday, we begin the next 99-day cycle, but this time, with a plan. Markets can do whatever they want; we’ll always be here brewing.

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