World Liberty Financial Accuses Exchange Of Token Manipulation, Justin Sun Blacklisted

bitcoinistPublicado a 2025-09-04Actualizado a 2025-09-05

Resumen

World Liberty Financial (WLFI), the newly launched decentralized finance (DeFi) platform backed by the Trump family, is facing significant price...

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World Liberty Financial (WLFI), the newly launched decentralized finance (DeFi) platform backed by the Trump family, is facing significant price challenges following its WLFI token debut last Monday. 

The platform has leveled serious accusations against an unnamed crypto exchange, claiming it has been manipulating user tokens to drive down prices. This situation has drawn particular attention towards crypto billionaire and Tron founder Justin Sun.

World Liberty Financial Claims Manipulative Practices

After the WLFI token launched, its price surged to an impressive $0.47 on September 1. However, the excitement was short-lived, as the token subsequently plummeted to a weekly low of $0.18, reflecting a staggering 61% decrease in value. 

Related Reading: SEC And CFTC’s New Joint Crypto Initiative–What You Need To Know

World Liberty Financial has alleged that this decline is linked to manipulative practices by an exchange, along with questionable movements from Justin Sun’s wallet, which has resulted in a significant amount of his fortune becoming inaccessible. 

Notably, the platform has blacklisted Sun’s wallet, which includes $540 million worth of unlocked WLFI tokens that are now frozen, and 2.4 billion locked tokens that remain out of reach.

Sun Responds To Allegations

In response to the allegations, Justin Sun took to social media site X to refute the claims. He stated that his address had only conducted “minor exchange deposit tests” with minimal amounts and had created address dispersion without engaging in any buying or selling activities, asserting that these actions could not have influenced the WLFI price.

Related Reading: Bitcoin Treasury Firm Supported By Winklevoss Twins Announces Upcoming IPO

The relationship between Justin Sun and World Liberty Financial  dates back to November 2024, when Sun made a substantial investment of $30 million in WLFI tokens, making him the platform’s largest investor. 

His support came with praise for President Donald Trump’s vision of establishing a new regulatory framework for digital assets, a move that has seemingly fostered increased interest in cryptocurrency adoption among major financial entities on Wall Street.

World Liberty Financial
The 1-minute chart shows WLFI’s price drop. Source: WLFIUSDT on TradingView.com

Featured image from DALL-E, chart from TradingView.com

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Ronaldo Marquez

Ronaldo Marquez

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Ronaldo is a seasoned crypto enthusiast with over four years of experience in the field. He is passionate about exploring the vast and dynamic world of decentralized finance (DeFi) and its practical applications for achieving economic sovereignty. Ronaldo is constantly seeking to expand his knowledge and expertise in the DeFi space, as he believes it holds tremendous potential for transforming the traditional financial landscape.

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Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de SUN (SUN).

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