WLFI Growth Director: It is highly likely that CEXs are transferring users' WLFI for dumping; although there is no evidence yet, an investigation is underway.

On September 7, WLFI Growth Director Ryan Fang stated in an interview on Thursday evening, "We believe that some very large token holders may have manipulated the price, essentially to lock in profits. We do think that in a world where centralized exchanges hold large amounts of user funds, certain exchanges might attract user tokens and send those tokens to other exchanges for sale. Again, we are still exploring and discovering this. But the possibility of the above situation occurring is certain. Now, imagine that a large exchange holds a significant amount of user assets and sends a large amount of user assets to another exchange that may have better liquidity and a single token, while simultaneously opening very large short positions—this is possible. In fact, some community members have been notifying us about this since Thursday. They believe that the scenario I just mentioned may have occurred. That would be massive systemic manipulation. We will investigate this, and it is very likely that this has caused huge losses in the past few days. But again, there is currently no conclusive evidence about this information, but we believe that something did happen in the past few days."