•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Justin Sun has filed a lawsuit in California against World Liberty Financial, alleging the project froze his WLFI tokens and removed his governance rights. Sun says the team also threatened to burn his holdings without proper justification and refused to restore access or reinstate his status as a token holder.
Sun’s complaint centers on actions he attributes to World Liberty Financial’s smart contract. He alleges the project froze all of his WLFI tokens, blocked him from voting on governance proposals, and threatened to burn his holdings. Sun further claims the team refused to unfreeze the tokens or restore his rights, which he says left him with no choice but to pursue legal remedies to protect his position as an early investor.
The conflict has intensified in recent weeks, with Sun becoming one of the project’s most vocal critics despite previously being its largest external backer. Sun alleges the WLFI smart contract includes an undisclosed blacklisting function that can freeze or restrict investor tokens. World Liberty Financial responded on X, accusing Sun of making baseless claims and indicating it may pursue legal action.
At the center of the broader dispute is a World Liberty proposal to convert more than 62 billion WLFI tokens from indefinite lockups to fixed vesting schedules. The project said tokens held by participants who do not accept the schedule would remain locked, while still being usable for governance.
Sun criticized the plan, arguing it is an unacceptable approach to governance and imposes unfair restrictions on early investors. He said the proposal effectively leaves non-participants locked indefinitely.
Sun reiterated that he opposes the vesting proposal and wants equal treatment with other early investors. He said the plan includes a two-year cliff followed by a two-year vesting period, with indefinite lockups for those who do not opt in. Sun emphasized that his goal is to receive the same rights and conditions as other early WLFI token recipients.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
