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JUST IN: Justin Sun publicly severed ties with World Liberty Financial, a project linked to the Trump family, after accusing it of treating users like a personal ATM following a $75 million DeFi loan that strained liquidity on Dolomite.
The episode also revives the dispute over the freezing of his wallet and raises new questions about the governance of the WLFI token.
Justin Sun accused WLFI of extracting illegitimate fees and harming its investor community. WLFI deposited 5 billion WLFI tokens on Dolomite and borrowed approximately $75 million in stablecoins.