Justin Sun’s blacklisted WLFI wallet loses $60m as governance fears grow
The post Justin Sun’s blacklisted WLFI wallet loses $60m as governance fears grow appeared on BitcoinEthereumNews.com.
A Justin Sun‑linked WLFI wallet remains blacklisted, freezing tens of millions in tokens as WLFI’s price weakens and investors question governance and “decentralized” control. Summary Bubblemaps data show a Justin Sun‑linked wallet on World Liberty Financial remains blacklisted, unable to send or receive WLFI even as the token’s market value slides. The frozen stash has lost roughly $60m over three months, tracking WLFI’s broader downtrend rather than forced selling, while Sun still controls nearly 600m unlocked WLFI plus a large TRUMP stake. WLFI, a Trump‑backed DeFi governance token that raised over $550m in presale, now faces scrutiny as Sun denounces the blacklist and critics point to centralized kill‑switches in its design. A cryptocurrency wallet linked to entrepreneur Justin Sun remains blacklisted by World Liberty Financial’s WLFI token system, preventing the address from sending or receiving tokens, according to on-chain analytics platform Bubblemaps. The market value of the locked holdings declined by approximately $60 million over three months, according to the analytics data. The decline corresponded with broader price weakness in WLFI (WLFI) tokens and reflected market sentiment shifts rather than forced liquidation of the frozen assets, the platform reported. World Liberty Financial Tokens wallet loses $1m, what gives? WLFI administrators added Sun-linked wallets to the blacklist in September following an alleged sale of WLFI tokens by Sun, according to Bubblemaps. The data showed Sun transferred approximately $1 million worth of WLFI tokens to centralized exchange HTX, representing an estimated 4.9 million tokens. JUST IN: Justin Sun remains blacklisted by Trump-backed World Liberty Financial ( $WLFI ) His locked tokens have lost over $60M in value over the past 3 months amid ongoing price decline. pic.twitter.com/mjzuKd1Ems — SwanDesk (@SwanDesk) December 23, 2025 Sun continues to control nearly 600 million unlocked WLFI tokens valued at close to $135 million, according to the…
Filed under: News - @ December 23, 2025 2:25 pm