Justin Sun, the founder of the Tron layer-1 blockchain network, criticized World Liberty Financial (WLFI), a decentralized finance platform co-founded by US President Donald Trump\u2019s sons, over lengthy lock-up periods for the platform’s governance token.<\/p>\n
Sun said that he invested \u201csignificant capital\u201d in WLFI as an early investor and also said that a March WLFI governance proposal to determine token lock-up periods<\/a>, in which more than 76% of the voting<\/a> tokens came from 10 wallets, lacked transparency. In a Sunday post on X, Sun wrote (in translation):\u00a0\u00a0<\/p>\n \u201cThe governance votes cited to justify the above actions were not conducted through fair or transparent procedures. Key information was withheld from voters, meaningful participation was restricted, and outcomes were predetermined.\u201d<\/p><\/blockquote>\n \u201cJustin\u2019s favorite move is playing the victim while making baseless allegations to cover up his own misconduct,\u201d World Liberty Financial said in response, threatening<\/a> legal action against Sun over his claims.\u00a0<\/p>\n The incident came amid community pushback against WLFI and confirmation that the platform was using its own governance tokens as loan collateral, causing the price of WLFI to sink to an all-time low and renewed backlash against Trump<\/a> for his crypto activities.<\/p>\n Cointelegraph reached out to World Liberty Financial but did not obtain a response by the time of publication.\u00a0<\/p>\n Related: <\/strong><\/em>World Liberty signals phased WLFI unlock vote after early holder backlash<\/strong><\/em><\/a><\/p>\n The WLFI token hit a new all-time low<\/a> on Saturday, falling to just $0.07 following news of the platform using WLFI tokens as collateral to borrow stablecoins.<\/p>\n Wallets linked to World Liberty Financial used WLFI tokens as collateral on Dolomite, a DeFi platform co-founded by the project\u2019s chief technology officer, Corey Caplan, to take out the stablecoin loan.<\/p>\n WLFI confirmed<\/a> that it acts as an \u201canchor\u201d borrower, which generates yield for the platform and value for token holders, adding that it is \u201cone of the largest suppliers and borrowers\u201d in the WLFI ecosystem.<\/p>\n \u201cTreating the crypto community as a personal ATM is unjust and has never been authorized through any fair, transparent, good-faith community governance process,\u201d Sun said.\u00a0<\/p>\n Magazine: <\/strong><\/em>Trump\u2019s crypto ventures raise conflict of interest, insider trading questions<\/strong><\/em><\/a><\/p>\n <\/template><\/div>\n Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https:\/\/cointelegraph.com\/editorial-policy<\/a><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":" Sun criticized the WLFI platform over long token lockup periods and accused it of having blacklist functions at the smart […]<\/p>","protected":false},"author":5,"featured_media":70662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-70659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/70659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=70659"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/70659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/70662"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=70659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=70659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=70659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"DeFi\"](\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d82dc-7dd1-792f-ac6b-e927b7430e36.png\")
WLFI token sinks to all-time low as community backlash mounts<\/h2>\n
![\"DeFi\"](\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d82de-cc04-7861-a89e-e3ddd6498009.png\")