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🚨 Internal WLFI breakdown - Justin Sun accuses Trump project of backdoor token hijacking
Justin Sun recently publicly accused World Liberty Financial - a DeFi project branded as Trump’s company that he had invested in early. The accusation came at a time when WLFI was in its worst phase since launch.
According to Justin Sun, WLFI secretly embedded a blacklist function directly into the smart contract without informing investors. This backdoor allows the team to unilaterally freeze or even seize tokens from anyone.
And Justin Sun claims he is the first victim - his WLFI wallet was blacklisted from 2025.
Justin Sun’s allegations come at a time when WLFI is facing a severe trust crisis:
• WLFI token hit a historic low of 0.07967 USD
• Arkham discovered WLFI’s team collateralized about $406M WLFI through 2 wallets to borrow 150M USDC on Dolomite - using the governance token as collateral
• WLFI had to urgently repay $25M debt in the first 3 days of April to soothe public opinion
• Conflict of interest between Corey Caplan - co-founder of Dolomite - and also an official advisor of World Liberty Financial.
• Today, WLFI’s website quietly removed all information related to Trump.
Many details are still unclear, but with continuous drama like this, the project is in serious trouble!!