Deep Freeze: Justin Sun's $70M Token Timeout

Justin Sun, advisor to World Liberty Financial—the cryptocurrency project co-founded by President Donald Trump—has watched his $WLFI tokens transform into a very expensive popsicle. Not the refreshing summer kind, unfortunately. More like the "I left it in the freezer for two years and now it's covered in ice crystals" kind.

Last September, World Liberty blacklisted 0x5AB26169051d0D96217949ADb91E86e51a5FDA74, an address labeled "TRON DAO" on Etherscan. The team claimed the move was necessary because the address was "suspected of misappropriation of other holders' funds." Nothing says "trust us" quite like freezing your own advisor's wallet and calling it due diligence.

Sun took to X to defend himself, stating his "address only carried out a few general exchange deposit tests with very small amounts, followed by an address dispersion. No buying or selling was involved." He called on World Liberty to "unlock my tokens." Translation: "Bro, it was just a honeypot. I mean, a test. A totally normal test that any degen would do."

About 544 million tokens got the cold treatment. At the time, $WLFI traded around $0