World Liberty has blacklisted Justin Sun's wallet, freezing 3 billion WLFI tokens.
The project claims that the exchange used users' tokens for sale and suppressed the price.
Increased scrutiny on WLFI governance and Sun's role in the launch.
World Liberty Financial blacklisted Justin Sun's wallet, resulting in the freezing of 540 million unlocked WLFI tokens and 2.4 billion locked tokens.
This step comes shortly after the public trading of the $WLFI token began on major exchanges.
World Liberty stated that it believes an exchange was using users' tokens for sale and suppressing the price of WLFI. The project did not name the platform.
The founder of Tron is the largest external investor in $WLFI . He invested 75 million dollars and has accumulated about 3 billion tokens, valued at nearly 900 million dollars last week.
At launch, 600 million of its tokens were opened, but Sun publicly announced he does not intend to sell.
The trading volume of $WLFI reached 1 billion dollars in the first hour of September 1, with price fluctuations between 0.40 dollars and 0.20 dollars.
The Trump family, which owns 22.5 billion WLFI, briefly saw its locked tokens valued at 5 billion dollars on paper.
The blacklisting raises questions about governance and the rights of token holders in one of the most politically controversial cryptocurrency launches this year.
Regulators may also examine the incident due to ongoing legal disputes involving Sun and WLFI's ties to American political figures.
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