Justin Sun Demands Identity of World Liberty Financial's X Admin After Legal Threat
A public feud between billionaire Tron founder Justin Sun and the Trump-affiliated World Liberty Financial (WLFI) has escalated, with Sun demanding the firm unmask the person behind its X account after it threatened legal action. The threat followed a heated exchange over the weekend, stemming from Sun's $75 million investment in WLFI tokens last year and the subsequent freezing of his 544 million tokens, now worth roughly $43.5 million after a steep price decline.
The conflict centers on WLFI's recent financial maneuvers and allegations against Sun. The project deposited 3 billion of its own WLFI tokens into the Dolomite lending protocol to secure a $75 million stablecoin loan. This move occurred just before an event unlocking 80% of investor tokens, raising significant doubts about whether WLFI intends to sell its holdings beforehand. WLFI froze Sun's substantial token holdings last September, alleging his address was "suspected of misappropriation of other holders’ funds," a claim Sun has downplayed.
The standoff highlights intense scrutiny on the Trump-linked crypto venture's financial practices and governance. Sun's public denouncement of what he calls an "ongoing token scan" and his demand for transparency from the anonymous X admin signal a deeper conflict over fund management and tokenomics. The situation places pressure on WLFI to clarify its strategy ahead of the major token unlock, with implications for investor confidence and the stability of its token price.