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Tron founder Justin Sun escalated his criticism of the World Liberty Financial (WLFI) platform on Monday, arguing that its governance structure has been “hollowed from the inside.”
In an X post, Sun claimed that only one person in the company has unilateral power to freeze any token holder’s assets.
Sun cited analysis by on-chain sleuth banteg, saying that a single “guardian” externally owned account blacklisted his wallet last year. He noted that certain addresses are assigned “guardian” roles in token contracts and that these guardians have administrative privileges, including the ability to call a blacklist function.
Sun also alleged that asset seizures require a 3-of-5 multisig vote, meaning proposals must be signed and approved by at least three of five designated authorized key holders.
“Every proposal, every vote, every claim of decentralized decision-making is theater,” Sun said. “The entire governance framework has been hollowed out from the inside.”
Sun called on WLFI to disclose the identities of the individuals holding the power to freeze assets, adding that “Every investor has the right to know who holds the power to freeze their assets.”
World Liberty Financial and Sun did not immediately respond to a request for comment.
Sun, described as a leading investor and advisor at World Liberty Financial, alleged an ongoing “token scandal” at WLFI and said he is the “first and single largest victim” of the matter.
World Liberty Financial accused Sun of making “baseless allegations” intended to mask his own wrongdoings and said it threatened legal action.
According to the article, Sun’s wallet was blacklisted last year after a transfer of WLFI worth more than $9 million to an unknown address.
Sun remains a top holder of WLFI, with holdings exceeding $44 million, according to Arkham Intelligence.
At the time of writing, WLFI was trading at $0.08156, up 3.54% over the prior 24 hours, according to Benzinga Pro.

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