Justin Sun's Token Trouble! World Liberty Freezes His Fortune?!
Drama is unfolding in the world of cryptocurrency! Justin Sun, advisor to World Liberty Financial (a project linked to Donald Trump), is embroiled in a dispute with the rest of the World Liberty team. The core of the issue? World Liberty blacklisted a significant portion of Sun's WLFI tokens after his team moved them from his wallet to various exchanges.
What's This Blacklisting All About?
According to reports, World Liberty Financial has used blacklisting sparingly, only adding four addresses to the list. These addresses are:
- 0x4c1640caf9Ec0D3Ad8E32D3BBc2dD7D6745ef790 (originally funded from Binance)
- 0xF668cc6cdE8ae8670d90400c32EfD78C8d6E243A (owns kaas.eth)
- 0xB9b8EF61b7851276B0239757A039d54a23804CBb (owns bruno.eth)
- 0x5AB26169051d0D96217949ADb91E86e51a5FDA74 (Justin Sun)
Interestingly, Justin Sun's address, labeled "TRON DAO," is where the World Liberty Financial tokens were initially sent after Sun's investment. It seems this decision was made without consulting any DAO (Decentralized Autonomous Organization).
A review of these addresses on Etherscan confirms that all four remain blacklisted, with Justin Sun accounting for a whopping 99.9% of all tokens currently on World Liberty Financial's blacklist.
Robinhood Adds WLFI Token
In other news, Robinhood has announced the listing of the WLFI token on its US trading platform. WLFI, the deflationary token from World Liberty Financial, aims to bridge the gap between traditional and decentralized finance.
The token is currently trading around $0.2, boasting a market cap of $5.4 billion, despite a 37% price decrease since its launch. World Liberty Financial has burned 47 million WLFI tokens and integrated with the BNB Chain. They also recently secured a full listing on Gemini Exchange, including trading, custody, and USD1 stablecoin support.
World Liberty Financial envisions itself as a "Venmo + Robinhood of crypto," offering a debit card for WLFI users with Apple Pay support, powered by the USD1 stablecoin. Robinhood also recently proposed real-world asset tokenization to the SEC, including plans for a compliant RWA exchange on Solana and Base blockchains.