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Justin Sun has accused World Liberty Financial (WLFI) of centralized control, citing a hidden blacklist in its smart contract that allows asset freezes. He claims his tokens were blacklisted in 2025, violating investor rights and blockchain principles. Sun also criticized the project for poor governance and unfair voting. The project announcement has sparked debate in the digital asset news space.

The growing controversy surrounding World Liberty Financial (WLFI) in the cryptocurrency market has taken on a new dimension with statements from Justin Sun, a prominent figure in the sector. Following the “insider” text that previously circulated on social media and whose accuracy is questionable, Sun leveled harsh criticisms against the project.

Justin Sun stated that he has long supported US President Donald Trump’s crypto-friendly policies and that he made a significant early investment in the WLFI project in line with this vision. Sun explained that his rationale for investing in the project was its vision of increasing financial freedom, eliminating intermediaries, and making decentralized finance (DeFi) accessible to a wider audience.

However, according to Sun, a critical detail was withheld from him and other investors during the investment process. Allegedly, a hidden “blacklist” mechanism was integrated into the WLFI token’s smart contract. Sun claims this system gave the project team the unilateral authority to freeze, restrict, or effectively take control of user wallets and assets.

Sun described this situation as “the complete opposite of decentralization,” characterizing the structure as “a trap disguised as a door.” He also alleged that there were “malicious individuals” within WLFI, claiming that the recent controversies surrounding the project stemmed from these individuals.

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Sun included another striking claim in his statement: The crypto entrepreneur, who stated that he was also a victim, alleged that his wallet containing WLFI tokens was blacklisted in 2025, and that this action violated investor rights. He argued that this situation contradicted justice and transparency, which are fundamental principles of blockchain technology.

Sun also alleged that the project team engaged in practices such as collecting fees from users, establishing hidden control mechanisms over assets, and freezing investor funds without any transparent process, arguing that none of these steps were approved through a fair or transparent community governance process.

Sun further alleged that the management votes reportedly conducted within the project did not reflect the truth, claiming that critical information was withheld from investors, participation was limited, and the results may have been predetermined. Therefore, he argued, these votes represented the will of those who designed them, not the will of the community.

At the end of his statement, Justin Sun said that he had no connection whatsoever with any of these alleged practices and that he, along with the users who invested in the project with confidence, opposed this situation. Sun called on the WLFI team to ensure that token unlocking is done transparently and that community trust is restored.

*This is not investment advice.

Continue Reading: Justin Sun Has Burned All Bridges – He May Have Pulled the Plug on an Altcoin! “They’ve Frozen All My Assets”