The recovery of massive kerf loss silicon waste into silicon anodes is an attractive approach to efficiently utilizing resources and protect the environment. Tens-of-nanometers-scale-thickness Si waste particles enable the high feasibility of high-rate Li-ion storage, but continuous oxidation leads to a gradual loss of electrochemical activity. Understanding the relationship between this oxidation and Li-ion storage properties is key to efficiently recovering silicon wastes into silicon anodes. However, corresponding research is rare. Herein, a series of silicon waste samples with different oxidation states were synthesized and their Li-ion storage characters were investigated. By analyzing their Li-ion storage properties and kinetics, we found that oxidation has absolutely detrimental effects on Li-ion storage performance, which is different to previously reported results of nano-silicon materials. The 2.5 wt.% Si provides a substantial initial discharge capacity of 3519 mAh/g at 0.5 A/g. The capacity retention of 2.5 wt.% Si is almost 70% after 500 cycles at 1 A/g. However, the 35.8 wt.% Si presents a modest initial discharge capacity of merely 170 mAh/g. Additionally, oxidation leads the Li-ion storage kinetics to transform from Li-ion diffusion-controlled to charge transfer-controlled behaviors. For kerf loss silicon waste with an oxygen content over 35.8 wt.%, Li-ion storage capability is lost due to a high charge transfer resistance and a low Li-ion diffusion coefficient.