Billionaire slams Trump-linked company after losing $11M

World Liberty Financial (WLFI) project, supported by the Trump family, positioned It presents itself as a way to empower individuals through transparent, accessible, democratic and secure financial solutions.

Justin Sun, billionaire and founder of the Tron blockchain 30 million dollars While switching to the WLFI token in late 2024, he hailed President Donald Trump as the reason why the United States has become the blockchain capital.

But things have changed and gotten worse in the last two years. Sun is now openly calling out the company and its token project.

Related: Trump family’s WLFI token briefly outpaces XRP derivative volume ahead of 28% crash

After his initial investment in WLFI, Sun continued to increase his stake, eventually reaching over $75 million worth of WLFI tokens. He also separately promised $100 million To the TRUMP memecoin.

This belief weakened in 2025. After approximately $9 million worth of WLFI tokens were moved in Sun’s wallet, World Liberty Financial quietly blacklisted the address, freezing his entire position and stripping him of any ability to sell.

544.7 million tokens currently worth approximately $43.73 million arkhamit has remained locked ever since. Watched more than one on April 10 $11 million As the coin slides, its paper value evaporates.

Related: Justin Sun wants to unlock WLFI tokens with desperate plea

It all started last week when CoinDesk reported that WLFI had pledged 5 billion of its own tokens to lend $75 million worth of stablecoins to the Dolomite lending platform.

This effectively drained the protocol’s USD1 pool and prevented other depositors from accessing their funds.

More than $40 million of these borrowed funds were later sent to Coinbase Prime.

Adding to investors’ uneasiness, it was also revealed that the team had quietly shelved its offer to unlock $427 million worth of tokens. Early supporters had anticipated this move, and its sudden cancellation resulted in a sharp sell-off.

World Liberty Financial did not remain silent.

The project opposed what it called “FUD”, which stands for fear, uncertainty and doubt in an X-related title. The company described criticism of its lending strategy as a misreading of how regulation works.

One to mail On April 12 This gives the project’s leadership unilateral authority to freeze the assets of any token holder without notice, reason or recourse.

Sun said this was never disclosed to him or any investors at the time the capital was committed. He noted that the governance votes used to retrospectively justify WLFI’s actions were not transparent, important information was withheld, and outcomes appeared to be predetermined.

“This is a trap door marketed as an open door.”

Sun condemned what he called “ongoing token scandals by bad actors at WLFI” and described himself as the “first and biggest victim” of the project’s decision to blacklist its wallet in 2025.

He described the move as a violation of fundamental investor rights and fundamental principles of blockchain fairness.

He went further, accusing the WLFI team of a pattern of abuse in which they charged illegitimate fees, secretly placed backdoor checks on users’ assets, froze funds without explanation or due process, and treated the broader crypto community as a source of personal profit.

He argued that none of these actions were approved through a legitimate governing process.

Sun also challenged the validity of the executive votes that WLFI cited to justify its decisions, claiming that important information was withheld from voters, meaningful participation was deliberately restricted, and outcomes were predetermined.

“These votes do not represent the will of society; they represent the will of those who designed them.”

He emphasized that neither he nor other investors who believed in the project’s original promises had any part in these decisions, and said he opposed all of them in the strongest possible terms. He closed with a direct request to unlock frozen tokens, restore transparency, and return honesty to the building.

Street Round table The Sun and World reached out to Liberty Financial for comment but did not hear back at the time of publication.

Related: Eric Trump joins treasury firm World Liberty Financial ahead of WLFI token launch

This story was first published by . Street First appeared on April 12, 2026 MARKETS section. Add TheStreet at: Preferred Source by clicking here.