Breaking: World Liberty Finance Blacklist Justin Sun’s $2.4B WLFI Triggering Price Rebound

World Liberty Financial, a fast-growing DeFi project backed by U.S. President Donald Trump, has blacklisted one of its whale investors to reverse the WLFI market crash. According to on-chain data, World Liberty Financial blacklisted Justin Sun, the founder of Tron (TRX), after making a transfer of $9 million in WLFI.

As a result, Sun’s WLFI trove, consisting of $540 million in unlocked and $2.4 billion in locked assets, was frozen. The World Liberty Financial team noted that they believe Sun and his exchanges have been manipulating the WLFI price action, possibly to buy low.

Previously, Sun had pledged to hold his WLFI tokens for a long time in addition to his support for the USD1 stablecoins. At the time of this writing, Sun had not issued a statement regarding his frozen WLFI holdings.

WLFI Price Rebounds on Sun’s Blacklisted Accounts

Following the news of Sun’s account blacklist, WLFI price rebounded from a range low of about $0.167 to trade about $0.18...

3.83K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.