Sun Yuchen: The WLFI team is an "improper actor," viewing the crypto community as a "private ATM" and setting blacklists as "traps."

ME News Report, April 12 (UTC+8), Sun Yuchen posted a message condemning the World Liberty Financial (WLFI) team as “bad actors,” accusing them of viewing the crypto community as a “private ATM” and considering the blacklist mechanism as a “trap” for investors. Sun Yuchen stated that, as an early supporter and major investor in WLFI, he believed the project promoted the vision of financial freedom and decentralization, but WLFI embedded an undisclosed backend blacklist feature in its smart contracts, giving the company the power to unilaterally freeze, restrict, and confiscate token holders’ rights. Previously, due to the WLFI team mistakenly blacklisting its token wallets in 2025, Sun Yuchen said he became the first and largest victim of such behavior. He pointed out that all actions taken by the WLFI team, including fee extraction, secretly embedding backend controls, and unjustified freezing of investors’ funds, were carried out without fair and transparent community governance procedures. The so-called governance voting content not only concealed key information but also had predetermined outcomes. Sun Yuchen called on the WLFI team to unlock the tokens and maintain transparency, building with integrity rather than misconduct. (Source: Foresight News)