Justin Sun Slams WLFI's Governance Proposal as 'Absurd', Fueling Ongoing Feud

A public dispute between Tron founder Justin Sun and the Trump-linked crypto project WLFI escalated after Sun criticized a new governance proposal, labeling it as one of the most absurd governance scams he has encountered. In a post, Sun accused the project of designing a vote that penalizes token holders who oppose the proposal, with those tokens being locked indefinitely. He also alleged that he and other major holders had been excluded from the voting process, claiming that tokens representing around 4% of the voting power under his control had been frozen. Sun questioned the legitimacy of the vote, suggesting that control over the protocol lies with anonymous wallet addresses, including a multisignature setup that can override outcomes and a separate account with the power to blacklist users. The proposal in question would overhaul token lockups across the WLFI ecosystem, with over 62 billion tokens subject to new terms, including multi-year lockups and vesting schedules. Token holders who do not accept the new terms would remain locked indefinitely. Sun's criticism was not isolated, as other investors, including Simon Dedic, founder of Moonrock Capital, expressed similar concerns, with Dedic stating that early investors had been 'rugged' by the Trump family. A World Liberty Financial spokesperson countered that the proposal was designed to align all participants in the WLFI ecosystem for the long term, ensuring healthy market supply. The backlash marks the latest episode in the escalating feud between Sun and the project, which has been building for months.