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

A highly publicized dispute between Justin Sun, founder of Tron, and WLFI, a cryptocurrency project linked to the Trump family, has intensified after Sun vehemently denounced a newly introduced governance proposal. Sun described the proposal as 'one of the most absurd governance scams' he has encountered, claiming it is designed to penalize token holders who vote against it by indefinitely locking their tokens. Furthermore, Sun alleged that he and other significant token holders have been excluded from the voting process, with approximately 4% of the voting power under his control being frozen. Sun questioned the legitimacy of the vote, suggesting that true control over the protocol lies with anonymous wallet addresses, including a multisignature setup capable of overriding outcomes and a separate account with the power to blacklist users. The proposal in question aims to overhaul token lockups across the WLFI ecosystem, affecting over 62 billion tokens with new terms including multi-year lockups and vesting schedules. Token holders who decline to accept these new terms would have their tokens locked indefinitely. Sun's criticism was echoed by Simon Dedic, founder of Moonrock Capital, who stated that early investors had been 'rugged' by the Trump family. A spokesperson for World Liberty Financial defended the proposal, stating it was designed to align all participants in the WLFI ecosystem for the long term, ensuring healthy market supply. This backlash marks the latest development in the deteriorating relationship between Sun and WLFI, which has been escalating over the past few months.