WLFI team stated that they will only block wallets that they consider to be “high risk” to protect users. Can the token recover after Sun Yuchen promised to purchase $10 million worth of WLFI tokens?​

World Liberty Finance [WLFI], as a DeFi project supported by the Trump family, recently responded to wallet freeze claims made by early investors, which has also attracted the attention of Sun Yuchen, the founder of TRON (TRX), as well as other shareholders of X (formerly Twitter).​

The project acknowledged that it blocked 272 addresses, and the team emphasized that they do not randomly blacklist anyone, but rather restrict access to specific addresses deemed “risky.” The team further explained: “We will not blacklist anyone... WLFI will only intervene to protect users, and will never suppress normal activities. When we receive alerts of malicious or high-risk activities that could harm community members, we will respond.”​

It is reported that among the 272 frozen addresses, 79% are related to phishing attempts. These phishing behaviors vary in methods, some involve sending fake links to lure users to input their wallet keys; others impersonate official customer service to extract user information under the pretext of resolving account issues, posing a great threat to users' asset security. In addition to phishing, some addresses exhibit abnormally large transfers or have financial interactions with known scam accounts, prompting the WLFI team to take freezing measures after thorough verification and risk assessment.

Sun Yuchen's Transformation

The release of this statement stems from Sun Yuchen's lengthy complaints on social media. Sun Yuchen stated that after conducting a 'deposit test,' his WLFI fund was frozen by the team. According to internal sources, the WLFI team believes that there are suspicions of token dumping behind the 'test' conducted by Sun Yuchen after the token was publicly traded, which could negatively impact the token price and market stability, leading to the freezing measures.

However, in the latest communication from the WLFI team, in addition to explaining the situation regarding Sun Yuchen's related addresses, they also clarified that several other addresses have been blacklisted.

To address these issues, the WLFI team has publicly requested victims to directly provide their details, including wallet addresses, related transaction records, etc., for a quicker review. The team has promised to verify the situation as soon as possible, and for addresses mistakenly frozen, restrictions will be lifted in a timely manner.

However, as of the time of writing, some users still feel dissatisfied with the overall experience. In fact, a victim, Bruno Skvorc, the developer relations officer from Poland, claimed that although the team has made efforts to contact him and both parties have communicated multiple times, his funds remain locked. Bruno Skvorc stated that he provided all requested information but still hasn't received a clear processing result, which has significantly undermined his trust in the WLFI project.

In this chaotic atmosphere of mutual accusations, the market performance of the WLFI token has also been affected. Over the past seven trading days, the token's price has dropped by about 14%. From specific trading data, the daily trading volume has also shrunk, leading to reduced market activity.

However, as of the time of writing, the market holds a neutral stance on the WLFI token according to predictions from top traders at Binance. This means that despite the negative impacts brought about by issues such as phishing and scams, the price of the WLFI token may still develop in any direction amid the tug-of-war between bulls and bears.

Interestingly, during the weekend when the WLFI token attempted to rebound, open interest (OI) saw an increase. After experiencing a drop from nearly 1 billion USD to a low of 780 million USD, as of the time of writing, open interest has rebounded to over 900 million USD. This change in data indicates that, although many people in the market are still concerned about the wallet blacklist issue, some investors are optimistic about the future performance of the token and have started to increase their positions, betting on a strong economic recovery.

The market's speculative interest in the WLFI token has slightly improved, which is partly due to Sun Yuchen's change in attitude. After the WLFI team made the latest clarification, Sun Yuchen promised to purchase WLFI tokens worth 10 million USD in the market. He also stated, 'We believe that cryptocurrencies listed in the United States are an undervalued opportunity. I will purchase 10 million USD worth of ALTS and 10 million USD worth of WLFI.' This statement from Sun Yuchen has injected some confidence into the market, with some investors believing that it may boost the price of the WLFI token.


If you are still confused in the crypto space, lacking first-hand information and professional guidance, you might as well follow Ming Ge. Ming Ge has been deeply involved in the crypto space for many years and shares rich experiences and genuine operational insights every day!#WLFI