Crypto developer Bruno Skvorc has accused the World Liberty Financial (WLFI) project of token theft following the freezing of his assets, adding tension to the debate over centralization and regulation in the crypto industry.
Bruno Skvorc's Allegations
On September 6, Bruno Skvorc, a developer for Polygon and founder of RMRK, publicly accused WLFI of token theft, stating that his tokens were frozen with no way to retrieve them. He bluntly remarked: "TLDR, they stole my money." Skvorc is reportedly one of six investors who faced a 100% token lockup from the project's launch.
WLFI's Response
WLFI’s compliance team justified the action by explaining that Skvorc's wallet was flagged as 'high risk' due to his career within the sector. Skvorc criticized this reasoning, noting: "It was not ‘high risk’ to accept money from this address, but it is high risk to unlock owed money into it."
Impact on the Crypto Industry
The incidents involving Skvorc and another investor, Justin Sun, whose tokens were also frozen, raise important questions about the reliability of compliance systems and control over assets. These events reveal a growing friction in the decentralized finance space and residual questions regarding asset ownership and the ability to combat censorship.
This incident underscores the importance of finding a balance between security measures and the core principles underlying blockchain technology, while also highlighting the issue of asset control in the context of automated compliance systems.
