—by
Bennett Tomlin
Newsletter
The Context 163: ⚠️ TRON is not decentralized
TRX, the token for the TRON blockchain, is often described as decentralized, but one person, Justin Sun, owns more than half the tokens.
TRX, the token for the TRON blockchain, is often described as decentralized, but one person, Justin Sun, owns more than half the tokens.
Polymarket and Kalshi are popular in the cryptocurrency industry, but neither is truly “decentralized” like other projects.
The proxy currently running Sam Bankman-Fried’s X account is following degenerate memecoin promoters on behalf of the former FTX supremo.
The MONTRA token’s market cap dropped from $100K to $20K, and the Montra Finance website now displays a 404 error page.
The person behind the $5M crypto theft confessed to South Korean police and returned the funds — before they were stolen again.