Justin Sun blasts Trump-linked WLFI’s ‘absurd’ governance vote, escalating feud
The Tron founder claimed that dissenters would face token lockups and exclusion from voting, while the project said the proposal aims to align all participants for the long-run.
What to know:
- Justin Sun accused the Donald Trump-linked crypto project World Liberty Financial of engineering an “absurd” governance proposal that punishes dissenting token holders with indefinite lockups.
- The disputed plan would impose multi-year lockups and vesting on more than 62 billion WLFI tokens, burn up to 4.5 billion tokens, and give insiders strict new release schedules while allowing controlling wallets to override votes and blacklist users.
- The proposal was designed to “align all the participants in the WLFI ecosystem for the long-run,” a WLFI spokesperson said.
- The clash marks the latest breakdown in the relation between WLFI and Justin Sun after WLFI’s threat of legal action against Sun and its earlier blacklisting of his token stake.
In this article
He also claimed he and other large holders had been excluded from the process, alleging that tokens tied to roughly 4% of voting power under his control had been frozen.
More broadly, Sun questioned whether the vote has any real authority, claiming control over the protocol sits with anonymous wallet addresses, including a multisignature setup that can override outcomes and a separate account with the power to blacklist users.
“This proposal is not governance,” Sun said in the post. “It is an exercise of power by the selected few who are carefully engineering a further power consolidation and property expropriation operation.”
WLFI proposal
The criticism centers on WLFI’s new proposal that would overhaul token lockups across the ecosystem. More than 62 billion WLFI tokens would be subject to new terms, including multi-year lockups and vesting schedules.
