Coin Edition -
- Crypto investigator Truth Labs sounds alarm on the Chinese Communist Party’s hold on Ethereum.
- Truth Labs alleges that the WangXian group has an overriding influence on the Ethereum network.
- Chinese entities close to the CCP are also suspected to control nearly 80% of mined ETH.
Truth Labs, a crypto investigator popular on X, has alleged that the Chinese Communist Party (CCP) wields overarching influence in the Ethereum network through entities it controls. The investigator has sounded alarm that the decentralized future of Ethereum is under threat. It alleged that Chinese entities close to CCP held nearly 80% of ETH mined before its merge update in 2022.
Ethereum's hidden Centralization problem:The Chinese Communist Party. The same party using blockchain to track and control everything, Implementing Social Credit Scores, CBDC's, and a number of other surveillance protocols.The CCP, thru Wanxiang, and a number of other CCP… https://t.co/uYxIqUY6n5— TruthLabs