Justin Sun Catches World Liberty's Alleged 'Trap Door' After $80M Wallet Freeze

Tron founder Justin Sun is calling out World Liberty Financial, accusing the Trump-linked crypto venture of hiding a blacklist function that let it freeze investor wallets.

In an April 12 post on X, Sun said he invested in World Liberty because he believed the platform's public pitch around decentralized finance and broader retail access.

Sun claims the company undermined that pitch by hiding a contract feature that let it freeze or restrict token holders without notice or recourse. He also says the team blacklisted his WLFI wallet in 2025 and he's urging them to unlock the tokens.

"I have always been an ardent supporter of President Trump and his crypto friendly policy. As an early supporter who invested heavily in World Liberty Financial, I did so because I believed in the vision that was presented to the public: a decentralized finance platform that…" Sun wrote.

Sun isn't a small WLFI holder. The Tron founder spent at least $75 million on WLFI tokens, making him one of the project's biggest known backers. World Liberty blacklisted Sun's wallet when the project launched last year, claiming they suspected the wallet had misappropriated other holders' funds.

Sun disputes that characterization and now points to the episode as evidence the project retained centralized control inconsistent with its DeFi branding.

"Every action taken by the WLFI team to extract fees from users, to secretly implant backdoor controls over user assets, to freeze investor funds without disclosure or due process, and to treat the crypto community as a personal ATM — all of these actions are illegitimate and were never authorized by any fair, transparent, or good-faith community governance process," he stated.

The continued blacklisting of Sun's wallet has resulted in losses of more than $80 million, according to blockchain firm Bubblemaps.

Meanwhile, Sun's criticism adds to existing pressure on the project following a sharp decline in its token price and criticism of its borrowing practices.

The project was already under market scrutiny over its use of WLFI