Justin Sun Slams WLFI's Governance Proposal as 'Absurd', Intensifying Public Feud

A highly publicized dispute between Justin Sun, the founder of Tron, and WLFI, a crypto project linked to the Trump family, has escalated further after Sun vehemently criticized a newly proposed governance structure, labeling it as one of the most 'absurd' he has encountered. In a detailed post, Sun accused WLFI of devising a voting system that penalizes token holders who oppose the proposal, potentially resulting in their tokens being locked indefinitely. He also claimed that he, along with other significant holders, had been barred from participating in the process, stating that tokens equivalent to about 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 capable of overriding outcomes and a separate account with the authority to blacklist users. The proposal in question seeks to reform token lockups across the WLFI ecosystem, affecting over 62 billion tokens with new terms including multi-year lockups and vesting schedules. Insiders, such as team members and partners, would face a two-year lockup followed by a gradual release over three years, alongside a 10% token burn for those who opt in. Holders who decline the new terms would have their tokens locked indefinitely. The backlash against the proposal is not isolated to Sun, with other figures in the crypto community, such as Simon Dedic of Moonrock Capital, expressing similar discontent. A spokesperson for World Liberty Financial defended the proposal, stating it was designed to align participants in the ecosystem for the long term and ensure a healthy market supply. This latest development marks a significant escalation in the feud between Sun and WLFI, which has been building over months, including previous threats of legal action and public accusations of misconduct.