World Liberty Financial Accuses Exchange Of Token Manipulation, Justin Sun Blacklisted

BitcoinistSep 4, 2025 8:12 PM

View all comments（0）



World Liberty Financial (WLFI), the newly launched decentralized finance (DeFi) platform backed by the Trump family, is facing significant price challenges following its WLFI token debut last Monday.

The platform has leveled serious accusations against an unnamed crypto exchange, claiming it has been manipulating user tokens to drive down prices. This situation has drawn particular attention towards crypto billionaire and Tron founder Justin Sun.

World Liberty Financial Claims Manipulative Practices

After the WLFI token launched, its price surged to an impressive $0.47 on September 1. However, the excitement was short-lived, as the token subsequently plummeted to a weekly low of $0.18, reflecting a staggering 61% decrease in value.

World Liberty Financial has alleged that this decline is linked to manipulative practices by an exchange, along with questionable movements from Justin Sun’s wallet, which has resulted in a significant amount of his fortune becoming inaccessible.

Notably, the platform has blacklisted Sun’s wallet, which includes $540 million worth of unlocked WLFI tokens that are now frozen, and 2.4 billion locked tokens that remain out of reach.

Sun Responds To Allegations

In response to the allegations, Justin Sun took to social media site X to refute the claims. He stated that his address had only conducted “minor exchange deposit tests” with minimal amounts and had created address dispersion without engaging in any buying or selling activities, asserting that these actions could not have influenced the WLFI price.

The relationship between Justin Sun and World Liberty Financial dates back to November 2024, when Sun made a substantial investment of $30 million in WLFI tokens, making him the platform’s largest investor.

His support came with praise for President Donald Trump’s vision of establishing a new regulatory framework for digital assets, a move that has seemingly fostered increased interest in cryptocurrency adoption among major financial entities on Wall Street.

Featured image from DALL-E, chart from TradingView.com

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

The Week Ahead: US August PCE and September Nonfarm Payrolls Take Center Stage, Micron Earnings in Focus

TradingKey - In the coming week (September 28 to October 2, ET), US markets will face the most concentrated macroeconomic data window between late September and early October. Key reports—including the US August PCE Price Index, September Nonfarm Payrolls report, ADP employment, JOLTS job openings, and the ISM Manufacturing Index—will be released in succession, providing fresh evidence for the market to gauge the Federal Reserve's next interest rate path.

AMD vs. Broadcom: Which AI Chip Stock Is Better for Long-Term Investment? Comprehensive Comparison of AMD and AVGO

TradingKey - As AI data center investment continues to grow, both AMD (AMD) and Broadcom (AVGO) have emerged as key AI chip plays alongside Nvidia (NVDA), but the two companies have distinct business models. AMD primarily competes in the general-purpose AI computing market through its Instinct GPUs, EPYC server CPUs, and Helios rack systems, while Broadcom focuses on developing custom AI accelerators (ASIC/XPU) for major clients such as Google (GOOGL), OpenAI, and Anthropic, alongside high-speed networking chips. So, which of these two companies is the better long-term investment?

Micron Q4 Earnings Preview: Can Revenue Top $50 Billion, and Will MU Stock Keep Rising?

TradingKey - Micron Technology (MU) will release its fourth-quarter fiscal 2026 financial results after the market close on September 30, Eastern Time, and host an earnings conference call at 16:30 on the same day.

Micron Earnings Preview: Five Key Things Memory Investors Need to Watch

TradingKey - Micron Technology (MU) will report its fourth-quarter fiscal 2026 financial results after the market close on September 30, Eastern Time, and hold an earnings conference call at 16:30 on the same day.

Meta Connect 2026 New Product Roundup: Muse Integrated Into AI Glasses, Can It Drive Meta Revenue Growth?

TradingKey - At the Connect 2026 conference held from September 23 to 24, Meta (META) unveiled the Ray-Ban Meta Audio, third-generation Ray-Ban Meta, and Meta VR Glasses, while upgrading the Meta Ray-Ban Display. The company also announced the integration of its personal AI agent, Muse, into its AI glasses, expanding its product scope from mobile phones and social apps to wearable devices.

Featured Tools