World Liberty Financial Blacklists Justin Sun’s Blockchain Address Holding $107 Million
World Liberty Financial (WLFI) has blacklisted the blockchain address of Justin Sun, founder of Tron, preventing him from transferring approximately 595 million WLFI tokens valued at about $107 million. This action follows several outbound transactions from Sun’s address, including one worth $9 million.
Justin Sun stated that the transactions were merely for testing and did not impact market activity. WLFI's value has declined by 20% in the last 24 hours and is down 42% since its exchange debut on September 1.
Background on Justin Sun and WLFI
- Sun invested $30 million in WLFI in late 2024, taking an advisory role.
- His total investment grew to around $75 million by mid-2025.
- Reportedly held nearly $700 million in WLFI tokens at launch, with much still vesting-locked.
- Sun indicated no plans to sell unlocked tokens soon.