Crypto investor Justin Sun detailed a conflict with World Liberty Financial regarding the blocking of his wallet and subsequent investment commitments.
How It all Started
The clash began on Thursday when Justin Sun transferred $9 million worth of WLFI tokens to HTX, the crypto exchange he owns. Shortly after, World Liberty Financial blocked his wallet, affecting 540 million unlocked WLFI and 2.4 billion locked WLFI tokens, valued at over $3 billion. The project has not explained the reason for the wallet freeze.
Trump’s Tokens and Market Drop
World Liberty Financial launched its WLFI token last October, with President Donald Trump receiving 22.5 billion tokens through one of his companies. At launch, the market value was $8.6 billion, but prices have since dropped by 40% due to concerns over insider and early investor selling.
Justin Sun’s Response
Following the wallet freeze, Justin Sun pledged to purchase $20 million worth of tokens, with $10 million allocated to WLFI and another $10 million to Nasdaq-listed Alt5 Sigma. He emphasized that his wallet was not involved in any buying or selling, ruling out its impact on the market.
The conflict between Justin Sun and World Liberty Financial led to the freezing of his wallet, causing significant drops in WLFI token prices. Sun expressed his support for the project by promising substantial investments.
