Ethereum

Coin

<ul class="news-points"> 
 <li><strong>Crypto investigator Truth Labs sounds alarm on the Chinese Communist Party’s hold on Ethereum.</strong></li> 
 <li><strong>Truth Labs alleges that the WangXian group has an overriding influence on the Ethereum network.</strong></li> 
 <li><strong>Chinese entities close to the CCP are also suspected to control nearly 80% of mined ETH.</strong></li> 
</ul> 
<p>Truth Labs, a crypto investigator popular on X, has alleged that the Chinese Communist Party (CCP) wields overarching influence in the <a href="https://coinedition.com/what-is-ethereum-complete-guide-to-the-2nd-largest-blockchain-project/">Ethereum network</a> 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.&nbsp;</p> 
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   <p lang="en" dir="ltr">Ethereum's hidden Centralization problem:<br><br>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.<br><br>The CCP, thru Wanxiang, and a number of other CCP… <a href="https://t.co/uYxIqUY6n5" target="_blank" rel="nofollow">https://t.co/uYxIqUY6n5</a></p>— TruthLabs 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fae1.png" alt="🫡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@BoringSleuth) <a href="https://twitter.com/BoringSleuth/status/1721285971587576313?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 5, 2023</a>
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<p>Truth Labs is known for its investigative work to uncover scams and secrets of the crypto world. The investigator is famous for its exposés on Ethereum’s fou…</p>
<p>The post <a href="https://coinedition.com/twitter-sleuth-alleges-chinese-control-in-the-ethereum-network/">Twitter Sleuth Alleges Chinese Control in the Ethereum Network</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Twitter Sleuth Alleges Chinese Control in the Ethereum Network

Coin Edition

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