A public disagreement between Tron founder Justin Sun and the Trump-linked cryptocurrency project WLFI escalated after Sun harshly condemned a new governance proposal, labeling it as one of the most egregious governance scams he has encountered. In a detailed post, Sun alleged that the project designed a vote that penalizes token holders who oppose the proposal, risking the indefinite lockup of their tokens.
He also asserted that he and other major token holders were excluded from the voting process, claiming that tokens representing approximately 4% of the voting power under his control were 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 authority to blacklist users.
The criticized proposal seeks to overhaul token lockups across the WLFI ecosystem, subjecting over 62 billion WLFI tokens to new terms, including multi-year lockups and vesting schedules. Token holders who decline the new terms would remain locked indefinitely. The backlash marks the latest episode in the deteriorating relationship between Sun and the project, with tensions escalating after WLFI threatened legal action earlier in the week.