World Liberty Financial Blacklists Justin Sun’s Wallet Amid WLFI Token Controversy
World Liberty Financial has blacklisted Justin Sun’s pockets, freezing 540 million unlocked WLFI tokens and a pair of.4 billion locked tokens.
The rumored transfer comes simply days after the WLFI token began public trading on main exchanges.
World Liberty stated it believes an trade has been utilizing consumer tokens to promote and suppress WLFI’s value. The undertaking didn’t identify the platform.
The Tron founder is WLFI’s largest outdoors investor. He invested $75 million and collected round 3 billion tokens, value practically $900 million final week.
At launch, 600 million of his tokens have been unlocked, however Sun publicly claimed he had no intention to promote.
WLFI buying and selling quantity topped $1 billion in its first hour on September 1, with costs swinging between $0.40 and $0.20.
The Trump household, holding 22.5 billion WLFI, noticed their locked tokens briefly valued at $5 billion on paper.
The blacklist raises questions on governance and tokenholder rights in one of many yr’s most politically charged crypto launches.
Regulators can also scrutinize the incident given Sun’s ongoing authorized disputes and WLFI’s ties to U.S. political figures.
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