In some centralized chains, the fact that the founders hold de facto control is quite concerning. This phenomenon is observed in certain blockchains where a small group of people can do as they please.



Originally, blockchains aim to be decentralized, but in reality, when operated by a specific exchange, the top-tier authorities hold overwhelming power. Is this really healthy governance? Naturally, questions arise.

Looking at on-chain data makes it clear, but I’ll keep specific addresses confidential here. However, caution is needed with centralized operational structures.
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