Justin Sun Criticizes WLFI's Governance Proposal, Accuses Project of 'Absurd' Power Grab

A bitter public feud between Justin Sun, founder of Tron, and WLFI, a crypto project linked to the Trump family, has intensified after Sun condemned a new governance proposal as 'one of the most absurd governance scams' he has encountered. In a lengthy post, Sun claimed that the proposal would punish token holders who vote against it by locking up their tokens indefinitely, while also excluding large holders like himself from the voting process. Sun alleged that approximately 4% of the voting power under his control had been frozen. The proposal in question aims to 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 refuse to accept the new terms would remain locked out indefinitely. Sun's criticism was echoed by Simon Dedic, founder of Moonrock Capital, who accused the project of 'rugging' early investors. 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. The dispute marks the latest escalation in the deteriorating relationship between Sun and WLFI, which has been building for months. The tension began in September when WLFI blacklisted a blockchain address linked to Sun, and has since been fueled by accusations of exploitation and threats of legal action.