2 days ago
World Liberty Financial (WLFI) blocklisted a wallet code belonging to Justin Sun, preventing the Tron laminitis from selling his 595.109 cardinal WLFI tokens worthy astir $104 million.
The blocklisting affects some unlocked and locked tokens successful Sun’s wallet, according to on-chain data. The wallet code is:
“0x5AB26169051d0D96217949ADb91E86e51a5FDA74”
Sun invested $75 cardinal total successful WLFI, making him the project’s largest idiosyncratic capitalist and securing an advisor presumption with the decentralized concern level backed by President Donald Trump and his family.
Reports suggest WLFI squad members judge an speech has been utilizing idiosyncratic tokens to merchantability and propulsion down the token price, though this remains unconfirmed speculation.
The blocklisting has been verified done blockchain records, which corroborate the code tin nary longer transportation WLFI tokens.
Notably, the occurrence occurs arsenic WLFI faces a steep correction since its launch, sliding from $0.3086 connected Sept. 1 to a debased of $0.1671 connected Sept. 4.
Sun’s narration with WLFI began successful November erstwhile helium purchased $30 cardinal worthy of tokens. His concern rescued the task from sluggish sales, which had reached lone $21 cardinal earlier his superior injection.
World Liberty co-founder Zak Folkman credited Sun with the project’s aboriginal success, stating the crypto billionaire “saw that careless of the outcome, this task is simply a monumental determination guardant for the full crypto community.”
Early protagonist gets blocked
The blocklisting marks a important reversal for Sun, who maintained adjacent ties with President Donald Trump’s household done the crypto venture.
World Liberty Financial appointed Sun arsenic an advisor instantly aft his archetypal investment, praising his “insights and experience” arsenic instrumental to the project’s growth.
Sun accrued his concern to $75 cardinal conscionable earlier Trump’s inauguration successful January, cementing his presumption arsenic WLFI’s astir salient backer.
World Liberty Financial launched with cardinal positions held by Trump household members, including President Donald Trump arsenic main crypto advocator and his sons arsenic Web3 ambassadors.
Sun’s blocked holdings correspond a important information of circulating tokens and a 2.4 cardinal WLFI stash waiting to beryllium unlocked. The blocklisting could impact governance decisions wrong the platform’s decentralized structure.
The station World Liberty Financial blocklists Justin Sun’s code holding 595 cardinal WLFI appeared archetypal connected CryptoSlate.
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