World Liberty Financial (wlfi.site) (WLFI)

$WLFI freezes Justin Sun's $107M bag with a hidden backdoor.

He complains, so they sue him for defamation, claiming he tanked the token price.

Meanwhile, they are using 5B of those same tokens to borrow $75M from a lending platform co-founded by their own CTO.

🔷️ 🦅 #WLFI lock proposal passes with overwhelming majority.

✍️ World Liberty Financial ( @worldlibertyfi ) Initiative’s proposal to lock 62.2B $WLFI tokens has been approved by an overwhelming majority. ⚡

✔️ This move strengthens long-term commitment within the ecosystem and helps create a more controlled supply structure. 📊

‼️ Not financial advice.

#CryptoNews #DeFi #WLFI #CryptoMarkets

I read the $WLFI vs. Justin Sun complaint so you don’t have to. A few points from the filing stand out:

According to @worldlibertyfi, Sun’s entity acquired roughly 4B $WLFI across multiple rounds, with the non-transferable nature of the tokens disclosed in the sales terms, the smart contract, and the Token Unlock Agreement.

He personally signed the agreement granting $WLFI discretion to freeze or restrict wallets, which is the same clause later described publicly as a “backdoor.”

The complaint also includes documented legal threats and a coordinated public campaign following the freeze, alongside disputes around trading activity and token exposure.

Based on the filing, this appears less like an unexpected rule change and more like a conflict over terms that were already defined and agreed upon.