Justin Sun posted a detailed thread on X accusing World Liberty Financial, a DeFi project linked to Donald Trump. According to Sun, a backdoor was built into the WLFI token’s smart contract, allowing the team to unilaterally freeze, restrict, and effectively seize any holder’s funds. Investors were not informed.
Sun describes himself as one of the earliest and largest backers of World Liberty Financial. He says that in early 2025, his WLFI wallet was blacklisted without notice or explanation.
What Sun’s Allegations Include
The claims include the hidden use of a backdoor to control user assets, freezing investor funds without disclosure, and using the token in ways that benefit the team over the community.
“Votes used by WLF to justify their decisions are illegitimate: key information was hidden from participants, and the outcomes were predetermined,” the crypto investor said.
WLF’s Response
The World Liberty Financial team rejected the accusations, calling them “Sun’s usual tactic — playing the victim to cover up his own misconduct.”
“We have contracts, evidence, and the truth. See you in court,” the project wrote on its official account.
In response, Sun called on those behind the WLFI account to publicly reveal their identities and reiterated his claims about hidden control over user funds.