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Trump's endorsement does not mean you can do whatever you want; the bigger the project, the more you must uphold procedural justice and disclosure obligations.
Today, Justin Sun announced he has filed a federal lawsuit in California against the World Liberty Financial team.
Key allegations:
- They froze his $WLFI tokens without proper justification
- Stripped him of voting rights on governance proposals
- Threatened to permanently “burn” his tokens
Sun emphasizes he remains a strong supporter of President Trump and the administration’s pro-crypto efforts, but believes the project team’s actions violate basic token holder rights and principles of fairness in crypto.
He also strongly opposes the new governance proposal published on April 15, which includes token burns and long vesting periods.
This is a major internal conflict within the Trump-backed WLFI project.
Do you agree with WLFI’s actions against its own holders?