US EditionTrump-Backed World Liberty Sinks As Billionaire Justin Sun Protests, Then Reinvests
Justin Sun's wallets were frozen after $9 million in token transfers triggered blacklisting by World Liberty Financial, despite his pledge to support the project with $20 million in new investments.
- On Thursday, World Liberty Financial blacklisted Justin Sun's address, freezing 540 million unlocked and 2.4 billion locked WLFI tokens worth more than $3 billion, while Sun called the freeze 'unreasonable' and urged WLFI to unlock his allocation.
- Blockchain trackers flagged a $9 million WLFI transfer from Justin Sun to HTX and Binance after WLFI's 40% price drop since Monday to around 19 cents.
- In a follow-up post, Justin Sun pledged to market-buy $10 million of WLFI token and $10 million of ALTS to demonstrate his continued support, arguing tokens are "sacred and inviolable" and appealing for his wallets to be unlocked.
- The freeze risks alienating a major WLFI backer and highlights WLFI's close ties to President Donald Trump and his sons, cofounders who helped launch the project.
- Amid broader blacklisting activity, WLFI flagged more than 270 wallets last week, highlighting enforcement after on-chain trackers flagged transfers, while Justin Sun faced paused SEC scrutiny after Trump's inauguration.
26 Articles
26 Articles
Trump-Backed World Liberty Sinks As Billionaire Justin Sun Protests, Then Reinvests
Justin Sun, a crypto billionaire and one of the most visible backers of the Trump family’s digital asset venture, has gone public with his frustration after claiming his tokens in World Liberty Financial were suddenly frozen. Sun, who previously purchased $75 million worth of the company’s cryptocurrency, $WLFI, took to X late Thursday accusing the firm of halting his holdings “unreasonably.” “My goal has always been to grow alongside the team a…
Trump’s Crypto Project WLFI Faces Investor Backlash After Token Freezes
What Happened With WLFI Token Freezes? World Liberty Financial (WLFI), a crypto project linked to U.S. President Donald Trump’s family, is under scrutiny after two high-profile investors alleged their token holdings were frozen. Polygon developer Bruno Skvorc said on X that WLFI flagged his wallet as “high risk” and refused to unlock his allocation. He accused the project of “stealing” funds, describing it as a “new age mafia.” Skvorc said he wa…
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