Justin Sun Wants WLFI to Spill the Tea on Who Controls Its Freeze Buttons

Justin Sun, the Tron co-founder who once bought Warren Buffett's lunch and then didn't show up, is now demanding World Liberty Financial—who conveniently have "Trump" energy without the actual Trump—get transparent about who holds the keys to their guardian EOA and multisig wallets. Sun is crying foul, claiming these wallets were essentially weaponized against his own wallet like some blockchain-level grudges from the playground.

Sun alleges a single guardian EOA tied to WLFI's multisig structure is the sole owner of a second guardian safe, giving one person what amounts to a financial nuke—unilateral power to freeze token holders with a keystroke. That's cold, according to a Monday X post from Sun. WLFI has been suspiciously quiet on the substance of these allegations, preferring radio silence over actual answers.

This whole mess is just adding kindling to the dumpster fire of WLFI's governance drama. Remember that March vote where 76% of voting power came from just 10 wallets? Yeah, that wasn't a bug—it was a feature, apparently. Sun called it an alarming sign of concentrated influence, which in crypto terms is like saying "the house always wins" but the house is just 10 guys in a private Discord.

In a Sunday X post that read like a bad breakup text, WLFI fired back, accusing Sun of spreading baseless allegations to cover up his own misconduct and threatening legal action. Nothing says "we're totally transparent" like threatening to sue anyone who asks questions. Sun's WLFI token address got blacklisted in September 2025 after blockchain data platforms spotted an approximately $9 million transfer that probably made someone nervous. Sun says his presale tokens got frozen faster than a Celsius customer account, and he wants the team to unlock his investment—which, fair.

As if that wasn't enough drama for one project, WLFI is already in hot water over how they're using collateral. Onchain data flagged by Arkham revealed WLFI-linked wallets deposited roughly 5 billion WLFI tokens on Dolomite—a decentralized lending platform that happens to be linked to WLFI CTO Corey Caplan—borrowed around $75 million in USD1 and USDC, and then transferred more than $40 million to Coinbase Prime. For those keeping score at home: yes, that's a lot of borrowing against their own token, and yes, that sounds exactly like something that could go very wrong.

Multiple DeFi analysts are side-eyeing this loan situation harder than traditional bankers looking atDeFi yields. The concern is that if WLFI's price falls near liquidation levels, Dolomite lenders might be holding bags full of something that rhymes with "bagholder." WLFI acknowledged the lending position and assured investors that the WLFI token trades well above the liquidation threshold—which, given their current price trajectory, is the kind of confidence that ages like milk.

WLFI fell to a new low of approximately $0.077 on