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Justin Sun accuses WLFI of secretly freezing wallets and misusing tokens amid price drop.

Market News
12 Apr 2026
Crypto news
View Source
Bearish
pluang ai news

Justin Sun has accused World Liberty Financial (WLFI) of hiding a blacklist control in its smart contract that allows the company to freeze token holders' wallets without notice or recourse. Sun claims he was the largest victim, with his wallet blacklisted in 2025, violating investor rights and blockchain fairness standards. The project also faces scrutiny for borrowing large amounts using its own tokens and stablecoins, raising liquidity concerns as its token price fell over 21% in 30 days. Sun urges WLFI to unlock tokens and increase transparency as the controversy grows.

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