Justin Sun Criticizes WLFI's Governance Proposal as 'Absurd' and 'Scam-Like'

A highly publicized feud between Justin Sun, the founder of Tron, and WLFI, a crypto project linked to the Trump family, has intensified following Sun's sharp criticism of a new governance proposal. According to Sun, the proposal is designed to punish token holders who vote against it by locking their tokens indefinitely, while also excluding large holders like himself from the voting process. The Tron founder questioned the legitimacy of the vote, suggesting that control of the protocol rests with anonymous wallet addresses and a multisignature setup that can override outcomes. Sun described the proposal as 'an exercise of power by the selected few' and claimed it is an attempt to consolidate power and expropriate property. The WLFI proposal in question would subject over 62 billion tokens to new lockup terms, including multi-year lockups and vesting schedules, with insiders facing a two-year lockup and a 10% token burn. Holders who reject the new terms would remain locked indefinitely. Other critics, such as Moonrock Capital founder Simon Dedic, have also spoken out against the proposal, accusing the project of 'rugging' early investors. A spokesperson for World Liberty Financial defended the proposal, stating it is intended to align participants for the long term and ensure a healthy market supply. The backlash marks the latest development in the deteriorating relationship between Sun and WLFI, which has been building for months and includes previous disputes over DeFi transactions and token blacklisting.