Justin Sun demands WLFI reveal wallet ownership amid freeze controversy
The Tron founder called on the Trump-affiliated WLFi platform to reveal multi-sig and smart contract controllers, coming just days after the governance token reached a fresh all-time low.
Tron's layer-1 blockchain network co-founder Justin Sun has called on World Liberty Financial, the crypto platform associated with Trump, to reveal publicly who has control over the guardian Externally Owned Account (EOA) and the multisignature wallets that govern the platform's smart contracts. This demand follows Sun's allegations that the configuration was utilized to blacklist his personal wallet.
According to a Monday X post, Sun stated that a single guardian EOA connected to the WLFI multisig framework appears to serve as the exclusive owner of a second guardian safe, effectively granting one person complete authority to freeze any token holder.
World Liberty Financial has yet to issue a public response addressing the core allegations presented in Sun's most recent claims.
This controversy compounds existing criticism directed at WLFI's governance structure following a March voting event that revealed 76% of the total voting power originated from just 10 wallets. Sun, who participated as an early investor in the initiative, characterized this concentration as a troubling indication of centralized control. In an X post published on Sunday, WLFI countered by accusing Sun of disseminating unfounded allegations as a means to deflect attention from his own wrongdoing, while also threatening to pursue legal remedies.
In September 2025, Sun's WLFI token address underwent blacklisting after blockchain analytics platforms identified it in connection with a transfer worth approximately $9 million. Sun has maintained that his presale tokens were unjustifiably frozen and has pressed the team to release his investment.
Cointelegraph has reached out to World Liberty Financial for comment.
WLFI faces fresh scrutiny over collateral use
The newest allegations from Sun arrive at a time when WLFI is already experiencing heightened scrutiny following actions by project-associated wallets that deployed significant token holdings as collateral on Dolomite, a decentralized lending platform connected to WLFI chief technology officer Corey Caplan.
Onchain information highlighted by Arkham Intelligence revealed that WLFI-associated wallets placed approximately 5 billion WLFI tokens on Dolomite, secured loans totaling roughly $75 million in USD1 and USDC, and moved more than $40 million to Coinbase Prime.
Several DeFi analysts have expressed that the borrowing arrangement creates potential risks for lenders using Dolomite should WLFI's token price decline to levels approaching liquidation thresholds. WLFI has acknowledged the existence of the lending position and provided assurances to investors that the WLFI token maintains trading levels substantially above the liquidation threshold.
On Saturday, WLFI dropped to a fresh low of approximately $0.077, continuing its downward trajectory as worries surrounding governance practices, collateral deployment and treasury transparency intensified, according to CoinGecko.
WLFI whales restart accumulation ahead of Mar-a-Lago reception
Additional coins linked to the Trump family have similarly plunged to new all-time lows, including the Official Trump (TRUMP) and the Official Melania (MELANIA) memecoins.
Nonetheless, certain large token holders have resumed their TRUMP token accumulation in anticipation of the luncheon scheduled at US President Donald Trump's Mar-a-Lago residence in Florida on April 25, where the top 297 token holders are invited.