World Financial Liberty freezes Justin Sun's wallet

• The Trump family-backed project World Liberty Financial (WLFI) has blacklisted the wallet of Tron founder Justin Sun. This blocks approximately 540 million unlocked WLFI tokens and another 2.4 billion locked tokens, with a combined value of over $100 million.
• Sun had invested around $30 million in WLFI at the end of 2024 and received nearly three billion tokens. Although he publicly asserted that he had “no intention of selling,” transactions from a wallet close to Sun nevertheless led to an escalation.
• Sun called the freeze an “unreasonable freeze” and a violation of legitimate investor rights. On X, he demanded the release of his tokens, arguing that his wallet had only performed “generic exchange deposit tests.”
• WLFI launched on September 1st with an opening price of $0.46 and, after massive selling on major exchanges, temporarily plummeted to $0.25. The current price is around $0.18, a loss of over 50 percent since its launch.
• The ban raises key questions about decentralization and governance. Critics complain that WLFI is promoted as a DeFi project, but decisions like wallet blacklists are made unilaterally – a contradiction to the promises of fairness and transparency. Since WLFI is closely linked to the Trump family, the case is also likely to attract regulatory attention.

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