Svmuu News Justin Sun posted on the X platform, stating: "I have always been a steadfast supporter of President Trump and his crypto-friendly policies. As an early supporter of World Liberty Financial, I invested significant capital in the project's initial stages because I believed in the vision presented to the public: a DeFi platform promoting financial freedom, removing intermediaries, and bringing the benefits of decentralized finance to the general public.
However, what was never disclosed to me or any investor is this: World Liberty secretly embedded a backdoor blacklist function within the smart contract deploying the WLFI token. This function grants the company unilateral power to freeze, restrict, and even effectively confiscate the property rights of any token holder without notice, without reason, and without any recourse. This is the antithesis of decentralization. This is a trap disguised as a gateway.
I hereby condemn the ongoing token scandal perpetrated by bad actors within WLFI.
I was the first and largest victim—as early as 2025, they illegally blacklisted my WLFI token wallet, an act that violated fundamental investor rights and the principles of fairness on the blockchain.
All actions taken by the WLFI team—extracting fees from users, secretly embedding backdoors to control user assets, freezing investor funds without disclosure and due process, treating the crypto community as a personal ATM—all of these actions are illegitimate and were never authorized through any fair, transparent, or good-faith community governance process.
The governance votes cited to legitimize the aforementioned actions were not conducted through fair or transparent processes. Critical information was withheld from voters, meaningful participation was restricted, and the outcomes were predetermined. These votes do not represent the will of the community—they represent the will of those who designed them. These actions have nothing to do with me. They have nothing to do with the investors who believed in the project's promises. We oppose each and every one of the above actions in the strongest possible terms.
The actions of the WLFI team are eroding the community's trust in the project. Unlock the tokens, maintain transparency to the community. Let us build with integrity, not through misconduct."