Act 1: The Explosion of Public Opinion
Old Sun's first hand is to cry out + fire the cannon.
Starting from September 3rd, he sent out eight posts in a row, attacking 'centralized hegemony', and threw out harsh words: 'If they can freeze me today, they can freeze you tomorrow!' The effect? It directly blew up X, with tens of thousands of retweets, and the topic shot up to trending.
As a result, three groups of people flooded the comments section:
Supporters of Sun: On what basis does the project side randomly freeze big holders?
Critics of Sun: Laughing to death, why didn’t you say anything when TRX was scamming people back then?
Onlookers: WLFI was already overissued and playing word games, Old Sun is getting his just desserts now.
What's even harsher is that he directly named Aave's founder, the core developer of Tron, and even dragged Trump’s company into it. Aave responded with 'Decentralization is not just a slogan', pushing the topic to the ceiling.
Old Sun's operation—directly turning into a national topic, forcing the project parties to make a statement.
Act Two: Court Appearance
After three days of arguing, Old Sun drops a bomb—lawsuit!
Directly suing WLFI for breach of contract + infringement in the Delaware court, claiming $550 million.
There are two reasons:
1. The white paper states 'non-discriminatory freezing', but it specifically freezes big players, breaching the contract.
2. Because of the freezing, they missed the strategic investment window, needing to compensate for losses + mental damages.
Friends who understand the industry analyzed: the court may rule for 'partial unfreezing', but obtaining $550 million in compensation is extremely difficult. After all, the drop in coin price is not necessarily all due to freezing.
But don't overlook one point: the Delaware court has been very proactive in crypto cases in the past two years, unlike before when it dragged on.
Act Three: Report to Supervisors
Old Sun's most ruthless step is—reporting!
He united ten project parties to sue WLFI to the FTC and SEC, citing 'market manipulation + abuse of power.'
He also named Trump's family-listed company Alt5 Sigma, claiming they are manipulating funds behind the scenes.
This has caused an uproar:
The FTC confirmed receipt of the report, and the SEC has already retrieved WLFI's lock-up and transaction records.
The project party immediately denied it, but they dared not mention 'Trump'. Behind the scenes, it is said that they are already looking for intermediaries to negotiate with Old Sun.
Can the rights protection succeed?
I asked a few friends in the circle:
The lawyer said: the odds are fifty-fifty, unfreezing is possible, but large compensation is uncertain.
The market maker said: the core issue is that the market does not trust. As long as the 'admin key' is not revoked, the big players will not dare to enter.
Trump's advisor (anonymous): worried about the impact on next year's 2026 election, the project parties may be forced to reform, otherwise, the funds will be pulled out due to tightness.
Old Cannon's Summary
The essence of this matter is: the game between big players and centralized project parties.
Whether Old Sun can win is not important; what matters is that he has uncovered the fig leaf of 'pseudo-decentralization.'
If he wins, the project parties will not dare to freeze people randomly in the future;
If he loses, it indicates that 'centralized fake DeFi' can continue to run rampant.
What is WLFI's current value? Simply put, it is a mirror—
reflecting the biggest contradiction in the crypto space: shouting decentralization while holding a knife called 'admin key.'
