#孙宇晨指控WLFI锁资产 WLFI Token Plummets 83%! Justin Sun's unrealized losses exceed $80 million, while the family behind the project makes huge profits!

On April 12, 2026, Tron founder Justin Sun posted a lengthy exposé on the overseas social platform X, publicly revealing a dispute over assets with World Liberty Financial (hereinafter “WLFI”), a cryptocurrency company under the Trump family. He accused the project team of secretly embedding a “blacklist backdoor” in the smart contract, unilaterally freezing his massive token assets. As the incident gained traction, WLFI’s token price plummeted, and Sun’s frozen assets have an unrealized loss of over $80 million.

As a crypto project directly managed by the Trump family, WLFI has attracted significant attention since launching on the Ethereum mainnet on September 1, 2025, riding on the former U.S. president’s fame. The project issued a total of 100 billion WLFI tokens, with the Trump family directly holding 22.5 billion tokens, accounting for 22.5%, firmly controlling the project’s core decision-making power.
Justin Sun, as an early strategic investor, invested $75 million and held 3 billion WLFI tokens, representing 3% of the total supply. He was one of the project’s largest external investors. At launch, WLFI’s token hit a high of $0.46 on its first day, making Sun’s holdings worth nearly $1.4 billion at the time, marking an important part of his crypto asset portfolio.
The conflict erupted during the token unlock period in September 2025, when 600 million WLFI tokens in Sun’s related wallet were due to unlock. Of these, 595 million had already been unlocked, with a market value of about $107 million, while 2.4 billion tokens remained locked.
According to Sun, he only transferred out between 4.9 million and 5 million tokens (about $9 million) for small tests and address diversification, without engaging in large-scale trading. However, WLFI’s team immediately blacklisted his wallet address on grounds of “malicious operation and market disruption.”
This move directly froze all 3 billion WLFI tokens held by Sun, with the 595 million unlocked tokens losing liquidity entirely—they could no longer be transferred, traded, or withdrawn. The locked assets were also restricted, effectively “freezing” nearly $300 million worth of assets instantly.
More critically, after the assets were frozen, WLFI’s token price entered a free fall. After a brief spike early on, the price quickly dropped below $0.20. Following the news of Sun’s frozen assets spreading within the community, market panic intensified, and the token continued to decline. As of April 14, 2026, WLFI’s price was only $0.08, a drop of over 83% from its all-time high of $0.46.
Based on this price, Sun’s frozen 3 billion tokens now have a market value of just $24 million, compared to his initial $75 million investment. When combined with the pre-freeze valuation, his total unrealized loss exceeds $80 million, making him the most directly affected party in this dispute.
Sun publicly pointed out that the root cause of this huge loss was a hidden “backdoor blacklist function” in WLFI’s smart contract. He shared blockchain data confirming that the project team, through a privileged account, could unilaterally freeze, restrict, or confiscate any holder’s assets without notice, reason, or appeal—completely violating the core principles of blockchain decentralization and user asset autonomy.
“I am the first and biggest victim of this backdoor. Since the assets were frozen, I haven’t been able to use a single penny. I can only watch as my assets continue to shrink,” Sun emphasized in his statement. He accused the project team of treating the crypto community as a “private ATM,” disguising centralized control with false decentralization.
In response to Sun’s allegations and data disclosures, WLFI’s official account did not directly address the backdoor or the basis for freezing assets. Instead, they issued a stern statement on social media: “We have a contract. We have evidence. We hold the truth. See you in court, buddy,” outright refusing negotiations and pushing the dispute into the judicial arena.
To date, the standoff continues to escalate. Sun insists on unfreezing assets, releasing all contract code, and seeking compensation. WLFI is preparing litigation documents. Meanwhile, WLFI’s token remains low, and behind the over $80 million unrealized loss lies not only Sun’s personal asset loss but also widespread industry doubts about the project’s compliance and true decentralization.
It’s noteworthy that while Sun and many ordinary investors are mired in losses, the Trump family has already reaped huge profits from WLFI, achieving a risk-free return.
According to project documents and U.S. media financial reports, the Trump-controlled entity DT Marks DEFI LLC holds 60% of WLFI’s shares and enjoys a 75% share of the project’s net income. From launch until the token’s crash, the family has cashed out through multiple channels.
WLFI raised $550 million through two rounds of token sales. With a 75% net income share, the family directly profited $412.5 million from the sales alone. Additionally, the project reached a strategic deal with publicly listed company Alt5 Sigma, generating over $50 million in profits for the family. Combined with the family’s small token sales at high prices—netting about $100 million—they have accumulated over $500 million in profits from WLFI. All these gains were realized before the token price collapsed, unaffected by subsequent market crashes, creating a stark contrast: “investors suffer huge losses while the family makes guaranteed profits,” further clarifying the core interests behind this crypto asset dispute.