A public feud between Justin Sun, founder of Tron, and WLFI, a crypto project linked to the Trump family, has intensified after Sun denounced a new governance proposal as 'one of the most absurd governance scams' he has ever seen. In a post on X, Sun alleged that the proposal is designed to punish those who vote against it, with token holders facing indefinite lockups. He also claimed that he and other large holders have been excluded from the process, with tokens worth around 4% of the voting power under his control being frozen. Sun questioned the legitimacy of the vote, suggesting that control of the protocol lies with anonymous wallet addresses.
The proposal in question would 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 do not accept the new terms would remain locked indefinitely. The backlash marks the latest episode in the deteriorating relationship between Sun and WLFI, with tensions escalating after WLFI blacklisted a blockchain address linked to Sun and threatened legal action against him.