Justin Sun has called on the crypto platform World Liberty Financial to reveal who controls its key smart contract wallets, alleging the setup allowed a single individual to blacklist his account. The demand adds to existing scrutiny over WLFI’s concentrated governance and its use of massive token holdings as collateral for loans, which has coincided with the token’s price hitting new lows.
Justin Sun, co-founder of the Tron network, has demanded full disclosure of who controls the guardian account and multisignature wallets governing World Liberty Financial‘s smart contracts. He alleged one individual holds unilateral power to freeze token holders after his own wallet was blacklisted.
Sun’s address was frozen in September 2025 after a roughly $9 million transfer was flagged by data platforms. The entrepreneur claims his presale tokens were unreasonably locked and has urged the team to release his investment.
This dispute follows earlier criticism of WLFI’s governance, where a March vote showed 76% of voting power came from just 10 wallets. In a social media post, WLFI accused Sun of spreading baseless allegations and threatened legal action.
WLFI now faces additional pressure over its use of tokens as collateral. Onchain data shows project-linked wallets deposited about 5 billion WLFI tokens on Dolomite, a platform linked to WLFI’s CTO, to borrow around $75 million.
Defi analysts have expressed concern for lenders if WLFI’s price declines toward liquidation levels. The token’s price fell to a new low of approximately $0.077 on Saturday, according to tracking data.
Other Trump-linked memecoins have also sunk to all-time lows. However, some large holders have resumed accumulating the Official Trump (TRUMP) token ahead of an exclusive luncheon at Mar-a-Lago on April 25.
