I just saw that Justin Sun has formally filed a lawsuit against the WLFI project team in California, and this guy is really ruthless. He put in $75 million upfront, and now 98% of the coins are frozen—absolutely wild.

Let’s break down the timeline: Justin Sun initially invested $30 million and was appointed as an advisor, and later he topped up the investment to $75 million. On the day the token launched, WLFI created a separate Category 3 for him, while the other 519 investors were all in Category 1. Justin Sun transferred roughly 50 million WLFI tokens to an exchange—his wallet was immediately blacklisted, and 595 million tokens were instantly frozen, worth about $107 million at the time. Later, the contract was upgraded to V3, adding a forced confiscation feature—this is just insane.

There’s also a detail on the WLFI side: they staked hundreds of millions of dollars’ worth of tokens on Dolomite to borrow stablecoins, and Dolomite’s co-founder just happens to be WLFI’s Chief Technology Officer. That self-dealing vibe is pretty strong. Now WLFI’s token price is around $0.07, up 4.88% over the past 24 hours. Whether Justin Sun’s lawsuit will succeed remains to be seen—apparently he’s been looking noticeably worn out these past few days, and the pressure seems pretty heavy.