4 days ago
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Key Takeaways
- Justin Sun has publicly accused the project of fake decentralization and fraudulent governance.
- Sun claims a hidden blacklisting function in WLFI’s smart contract allowed the team to freeze his wallet in 2025, locking what he describes as hundreds of millions in tokens.
- The accusations include undisclosed backdoor controls, predetermined governance votes, and systematic fee extraction from users.
In a statement published on April 12, Sun called out the project’s leadership as “bad actors,” accused them of secretly embedding asset-control mechanisms that were never disclosed to investors, and described himself as the “first and single largest victim” of what he calls an illegitimate blacklisting operation carried out by the WLFI team in 2025.
The statement is not a measured critique. Sun invested $75 million into Read Entire Article
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