BroadChain has learned that on April 12, Justin Sun, founder of TRON and principal of HTX, issued a public statement strongly condemning the Trump family's project, World Liberty Financial (WLFI), for embedding a "blacklist function" in its smart contract. He also revealed that his personal WLFI tokens were unlawfully blacklisted in 2025.
In his statement, Justin Sun affirmed his continued support for President Trump and his crypto-friendly policies. As an early backer of WLFI, he invested significant capital at the project's launch, trusting in its publicly stated vision: to build a DeFi platform that champions financial freedom, removes intermediaries, and brings the advantages of decentralized finance to everyday users.
However, the statement alleges that WLFI secretly embedded a backdoor blacklist function within the smart contract for its WLFI token—a feature never disclosed to investors. This function grants the company unilateral power to freeze, restrict, or effectively confiscate any token holder's assets without notice, justification, or recourse.
“This is the antithesis of decentralization. It is a trap disguised as a door,” Justin Sun stated.
The statement further contends that WLFI's actions—extracting user fees, secretly implanting backdoors to control assets, freezing investor funds without disclosure or due process, and treating the crypto community as a personal ATM—were never authorized through any fair, transparent, or good-faith community governance process.
Addressing the governance votes cited to justify these moves, Justin Sun stressed that such votes lacked fair or transparent procedures. Voters were denied critical information, meaningful participation was restricted, and outcomes were predetermined. “These votes do not represent the will of the community—they represent the will of those who designed them,” he said.
Justin Sun concluded: “These actions have nothing to do with me—or with the investors who believed in this project's promises. We oppose them in the strongest possible terms. The WLFI team's conduct is eroding community trust. Unlock the tokens. Uphold transparency. Let us build with integrity—not misconduct.”