World Liberty Financial, a cryptocurrency company supported by the family of American president Donald Trump, frozen Justin Sun’s tokens, founder of the Blockchain Tron and one of the most vocal supporters of the company, in a rare demonstration of disharmony between the project and the Hong Kong crypto.
In an article on Friday on the social media platform X, Sun said that his tokens on the World Liberty Financial Blockchain had been frozen, confirming the data that Trump venture had dissected the Sun with around 600 million WiFi tokens unlocked, which would be valued at around 100 million US dollars depending on the current price.
World Liberty Financial, founded in 2024 by the Trump family, did not explain why Sun’s tokens were frozen. But this decision was reached after the founder of Tron moved to $ 9 million from WLFI tokens and was blamed by certain investors as well as the drop in WLFI prices on Thursday.
Sun said that his address “only carried out a few generic exchange deposits … without involving purchase or sale, which could not have any impact on the market”. In the new post, Sun has urged the WLFI team to unlock its tokens. “A truly formidable financial brand must be built on equity, transparency and confidence – and not on unilateral actions that freeze investors’ assets,” wrote Sun.
The incident was a new example of the complicated dynamics in the world of crypto, where conflicts of interest often take place in a cloudy way.
The supporting position of the second Trump administration on digital assets has led to an increase in tangles between the Trump family and the greatest personalities in the cryptographic industry. Justin Sun, after having bought $ 30 million in WLFI for the first time in November of last year, regularly increased his investment and declared earlier this week that WLFI would be “one of the most important and most important projects in the crypto”.
“As one of the first major investors of World Liberty Financial, I contributed not only to capital but also to my confidence and my support for the future of this project,” wrote Sun on Friday. “My goal has always been to grow alongside the team and the community and to jointly build a strong and healthy WLF ecosystem.”
