Recently, a dramatic event involving heavyweight figures in the crypto world has attracted widespread attention. In just 48 hours, a seemingly solid "pro partnership" quickly collapsed, leading to the freezing of assets worth approximately 3.5 billion yuan, revealing the fragility of interests and trust in this high-risk field.

At the beginning of this month, Eric Trump of the Trump family raised a toast with the well-known crypto entrepreneur Sun Yuchen at a dinner in Miami, praising him as "an important partner in financial innovation." However, just three days later, the situation took a sharp turn. Eric quickly deleted the photo with Sun Yuchen and unfollowed him on social media. Shortly after, the WLFI platform, associated with the Trump family, took more aggressive measures, using special powers to freeze approximately 3.5 billion yuan worth of WLFI tokens under Sun Yuchen's name.

Industry insiders have different speculations about the cause of this incident. One viewpoint suggests that the conflict may stem from Sun Yuchen's misconduct while fulfilling the WLFI market-making agreement, whereby he both accepted market-making rewards and secretly sold off a large amount for cash, potentially infringing upon the core interests of the Trump family. Another possibility is that the SEC has strengthened its regulation of celebrity tokens, leading the Trump family to choose to make an urgent cut to avoid being associated with Sun Yuchen's past violations that resulted in a $20 million fine, especially considering Eric's potential political ambitions.

The consequences of this incident are quite serious. Sun Yuchen not only faces the predicament of having a large amount of assets frozen and difficult to unlock, but it has also led to the rapid termination of multiple cooperative projects, and the prices of related tokens have been affected and declined. Worse still, he may also face subsequent legal responsibilities.

This series of events once again sounds the alarm for Crypto Assets investors: do not be fooled by the superficial "pro alliance" prosperity. Investment decisions should be based on a judgment of the project's intrinsic value, while fully considering compliance risks and carefully examining the on-chain data truth. Only in this way can one effectively avoid sudden asset freezes and plummeting risks.

It is worth noting that this major event in the crypto world may just be beginning. With the constantly changing regulatory environment and the internal power struggles within the industry, we may witness more dramatic developments. For participants, maintaining clarity and making prudent decisions is more important than ever.