Sun Yuchen and the Trump family project are tearing each other apart! They invested $75 million, then had his wallet blacklisted in return—both sides are saying “See you in court.”

Put simply, this is what happened:
Sun Yuchen first poured $75 million into Trump’s crypto project WLFI, becoming the largest investor and an advisor. But once the token became tradable, on-chain data showed that he transferred about $9 million from his account to exchanges. The project team directly blacklisted his wallet, and all of his assets were frozen.
After holding it in for 7 months, Sun Yuchen finally blew up a few days ago and posted a long rant:
“Your smart contract hides a blacklist backdoor—if you want to freeze whoever, you can freeze whoever. What kind of decentralization is that? Voting governance is all just a show!”
He also landed another punch: he said the WLFI team collateralized $400 million worth of WLFI tokens on Dolomite to borrow stablecoins, draining the protocol’s liquidity and sending the price directly crashing down.
WLFI wasn’t backing down either and immediately fired back: “The contract is black and white—there’s evidence. See you in court, bro.”
Now the WLFI token is down 74% from its peak, leaving it at just $0.079.
This whole fight also fully exposed the truth: even DeFi projects that carry the name Trump can still install centralized backdoors, create conflicts of interest, and bring regulatory risks.
Gossip wrap-up:
One says you have a backdoor, and the other says you breached the contract.
But no matter who wins, retail investors are just cannon fodder.
The next time you see a “political halo” project, remember to ask first: are the backdoors in the code closed?
$GT $RAVE