Justin Sun: Condemns WLFI insiders for continuously fueling token scandals through misconduct

ME News Report, April 12 (UTC+8), Justin Sun posted on X platform: “I have always been a firm supporter of President Trump and his crypto-friendly policies. As an early supporter of World Liberty Financial, I invested a significant amount of funds in the early stages of the project because I believed in the vision the project presented to the public: a DeFi platform that promotes financial freedom, removes intermediaries, and brings the benefits of decentralized finance to ordinary people. However, what no one has disclosed to me or any investors is that World Liberty secretly embedded a backdoor blacklist function in the smart contract deploying the WLFI tokens. This feature grants the company unilateral power to freeze, restrict, or even effectively confiscate the property rights of any token holder without notice, reason, or recourse. This is the opposite of decentralization. It is a trap disguised as a gate. I condemn the ongoing token scandal caused by bad actors within WLFI. I am the first and largest victim—back in 2025, they illegally blacklisted my WLFI token wallet, which violated basic investor rights and the principles of fairness in blockchain. All actions taken by the WLFI team—from extracting fees from users, secretly implanting backdoors to control user assets, freezing investor funds without disclosure or proper procedures, to treating the crypto community as a personal ATM—are unjustified, never authorized through fair, transparent, and good-faith community governance processes. The governance votes cited to justify these actions were not conducted through fair or transparent procedures. Key information was hidden from voters, substantive participation was restricted, and the outcomes were predetermined. These votes do not represent the will of the community—they reflect the will of those who designed them. These actions have nothing to do with me. They have nothing to do with investors who believed in the project’s promises. We strongly oppose every one of these actions. The actions of the WLFI team are eroding the community’s trust in the project. Unlock the tokens and maintain transparency with the community. Let us build with integrity, not with misconduct.” (Source: ODaily)