Sun Yuchen says, “I am the biggest victim of WLFI,” listing four charges: smart contracts with backdoors, an illegal freeze of wallets…

孙宇晨（Justin Sun）公開指控 World Liberty Financial（WLFI）在智能合約中暗植後門黑名單，聲稱自己的錢包在 2025 年即遭非法凍結，並痛批 WLFI 團隊的四大不當行為。
（前情提要：研究員痛批 World Liberty 霸王條款收割韭菜：別妄想川普能帶你發財）
（背景補充：USD1 短暫脫鉤 2%，川普家 WLFI 二度澄清：合約與錢包未被駭，資金安全無虞）

本文目錄

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• 指控智能合約暗藏後門：單方面凍結、沒收代幣
• 四大具體指控：費用、後門、凍結、操控治理
• WLFI 爭議不斷

Today (12) a satirical long piece claiming to be a “WLFI Web3 ambassador” (the author is Peter Girnus, who has a habit of criticizing current events under a fictional identity) sparked lively debate in the crypto community. It strongly criticizes how the project’s various benefit transfers are tightly linked together, one after another. This has even pushed WLFI co-founder Zach Witkoff to personally post a rebuttal.

But just as this public-opinion storm hasn’t fully settled, TRON (TRON) founder Justin Sun also posted this afternoon a direct broadside against WLFI, claiming to be the biggest victim of the losses.

I have always been an ardent supporter of President Trump and his crypto friendly policy.

As an early supporter who invested heavily in World Liberty Financial, I did so because I believed in the vision that was presented to the public: a decentralized finance platform that…

— H.E. Justin Sun 👨‍🚀 🌞 (@justinsuntron) April 12, 2026

Allegations that the smart contract contains a backdoor: unilateral freezing and confiscation of tokens

Justin Sun claims that in the smart contract responsible for deploying WLFI tokens, an “undisclosed blacklist backdoor function” was found—one that had never been disclosed to investors. According to his description, this function gives WLFI the company absolute unilateral power to freeze, restrict, and even effectively confiscate the property rights of any token holders without notice, without any explanation, and with no mechanism for remedy.

Justin Sun defines the function in two sentences: “This is the opposite of decentralization. It’s a trap disguised as a doorway.”

He also claims that as early as 2025, he had already become a direct victim of this mechanism. His WLFI token wallet was added to a blacklist illegally without any proper process. “This violates basic investor rights and the fairness principles of blockchain.”

Four specific allegations: fees, backdoor, freezing, and governance manipulation

In his statement, he attributes WLFI team misconduct to four categories:

First, Fee extraction: charging unreasonable fees targeting users.

Second, Backdoor control: secretly implanting a backdoor in the contract to control users’ assets without disclosure.

Third, Freezing funds: freezing investors’ funds without due process.

Fourth, Governance manipulation: manipulating governance votes in an unfair and non-transparent way, withholding key information from voters, limiting meaningful participation—“the outcome was already predetermined.”

He said plainly that the governance votes cited to justify the above actions “do not represent the will of the community, but the will of the people who designed them.” Finally, Sun calls on WLFI to unlock the tokens and restore transparency to the community.

Controversies surrounding WLFI continue

World Liberty Financial is a decentralized finance (DeFi) project closely associated with U.S. President Donald Trump’s family. It emphasizes a vision of “giving ordinary people access to the benefits of decentralized finance,” and issues the WLFI token and a USD-pegged stablecoin, USD1.

Backed by President Trump’s massive influence, the project attracted large inflows of capital early on, and Justin Sun was one of the largest early investors. But since its launch, the project has faced ongoing controversy.

For example, as a family project of the sitting president, its acquisition deals (such as the UAE fund taking a stake) have been questioned as a channel for penetration of foreign influence, triggering serious concerns about political ethics. Second, the token allocation is highly concentrated among insiders, and early tokens are locked and non-transferable, resulting in extremely poor liquidity.

The most core controversy is that the project has been criticized for using White House power to push for regulatory privileges, straying from the spirit of Web3 decentralization—and looking more like a political cash-out wrapped in a financial cloak.