A highly publicized dispute between Justin Sun, the founder of Tron, and WLFI, a crypto project linked to the Trump family, has intensified after Sun vehemently denounced a recent governance proposal. Sun described the proposal as 'one of the most absurd governance scams' he has encountered, citing concerns that it is designed to punish token holders who vote against it by locking their tokens indefinitely. Furthermore, he alleged that he and other significant holders have been excluded from the voting process, with approximately 4% of the voting power under his control being frozen. 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 refuse to accept these new terms would have their tokens locked indefinitely. This development marks the latest escalation in the feud between Sun and WLFI, which has been building over several months and has involved accusations of user exploitation and threats of legal action.