September 09, 2025
By Our Correspondent
One of the most well-known supporters of President Donald Trump’s World Liberty Financial cryptocurrency project, Justin Sun, announced on Friday that his tokens associated with the project had been frozen without providing any other information.
According to Sun’s statements on X, he had invested at least $75 million in World Liberty Financial tokens, or $WLFI. On Monday, the tokens were made available for public trading, and their value declined.
Sun said that “during the course of operations, my tokens were unreasonably frozen” in an X post addressed to “the World Liberty Financials team,” and he requested that the team unlock them.
Sun, a cryptocurrency entrepreneur who was born in China, did not specify the nature of the actions, the number of frozen tokens, or the identity of the person who did so.
Later on Friday, World Liberty released a statement stating that it has received “community concerns” over wallet blacklists. Neither Sun’s name nor any information about his tokens were provided.
The company’s statement on X stated, “We do not seek to blacklist anyone,” “We respond when alerted to malicious or high-risk activity that could harm community members.”
A representative for Sun’s cryptocurrency company Tron stated that “Justin and the WLFI team are in active communication about this matter.”
Sun’s remarks in public served as a reminder of the intricate business relationships that underpin the Trump family’s increasing wealth from cryptocurrency endeavors.
Sun is the second-largest known investor in World Liberty, having invested $30 million in the company early last year, which was the same amount the company claimed it needed to get off the ground. Sun subsequently stated that he had invested $75 million. Sun is an advisor to World Liberty as well, and he has leveraged his cryptocurrency platforms to support the company’s main product, USD1 stablecoin.
Through their share of token sales, the Trump family has amassed hundreds of millions of dollars from their investment in World Liberty.
Given that several of the family’s business partners have previously been subject to regulatory proceedings by the government that Trump currently leads, the wealth came at a time when Trump has openly supported the cryptocurrency sector, leading to widespread accusations of conflict of interest.
The Trump administration’s U.S. Securities and Exchange Commission has been considering a settlement in its civil fraud lawsuit against Sun.
In a post on X on Friday, Sun also hinted that he intended to invest an extra $10 million in World Liberty tokens and another $10 million in a different publicly traded U.S. firm that also invests in World Liberty tokens.
According to Nicolai Sondergaard, a research analyst at Nansen, blockchain data indicates that the World Liberty Financial “guardian address” blacklisted a wallet belonging to Sun on Thursday, which contains approximately 545 million tokens. This indicates that it is not possible to move the tokens out of that wallet.
According to the Nansen researcher, Sun moved 50 million of the tokens to a different location before to being blacklisted.
Up to 20% of early investors’ token holdings could be sold, according to a recent statement from World Liberty.
After trading above 30 cents on their introduction, the $WLFI coins were trading about 18 cents on Friday, according to CoinGecko.
