Justin Sun Slams Trump-Linked WLFI's Governance Proposal as 'Absurd'

A public feud between Tron founder Justin Sun and Trump-linked crypto project WLFI escalated on Wednesday after Sun strongly condemned a new governance proposal, labeling it as 'one of the most absurd governance scams' he has encountered. In a lengthy post, Sun accused the project of designing a vote that penalizes those who dissent, with token holders who vote against the proposal facing the risk of having their tokens locked indefinitely. He also alleged that he and other major holders had been excluded from the process, claiming that tokens representing approximately 4% of the voting power under his control had been frozen. Sun questioned the legitimacy of the vote, suggesting that control over the protocol rests with anonymous wallet addresses, including a multisignature setup that can override outcomes and a separate account with the power to blacklist users. The criticism centers on WLFI's new proposal to overhaul token lockups across the ecosystem, with over 62 billion WLFI tokens subject to new terms, including multi-year lockups and vesting schedules. Sun was not alone in his criticism, with Simon Dedic, founder of Moonrock Capital, stating that early investors had been 'rugged' by the proposal. A World Liberty Financial spokesperson countered that the proposal was designed to 'further align all participants in the WLFI ecosystem for the long-run' and 'optimally ensure long-term participation in our ecosystem and help ensure healthy market supply.' The backlash marks the latest episode in the deteriorating relationship between Sun and the project, which has been building for months.