Gate News message, April 16 — Tensions between Tron founder Justin Sun and World Liberty Financial (WLFI), the Trump-backed altcoin project, intensified on April 15 as Sun harshly criticized the project’s newly proposed governance structure. WLFI, backed by US President Donald Trump and his family, submitted a proposal to lock up over 62 billion tokens for up to five years and permanently freeze assets of those who vote against the measure.
Sun called the governance proposal one of the “most absurd governance tricks” he had ever seen, characterizing it as a fraudulent system based on coercion rather than democratic voting. He specifically objected to the clause that permanently locks tokens of those who oppose the measure, stating: “If you oppose this proposal, you will be punished. This is not a vote. This is coercion. What democratic process rewards compromise and punishes opposition?” Sun also alleged that WLFI’s team was attempting to monopolize power through specific wallet blacklisting mechanisms.
Sun, who previously invested $30 million in WLFI and served as an advisor, recently accused the project of misusing its treasury by taking large loans against token assets, which he claimed was depressing the token price. WLFI has since escalated the dispute by threatening legal action against Sun.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Sahara AI Launches Investment Agent Sorin Supporting Crypto, Stocks, and Prediction Markets
Sahara AI has launched Sorin, an investment agent for trading across various assets like cryptocurrencies and stocks. It offers autonomous trading, quantitative strategy automation, and personalized risk management to all users, following testing with 20,000 participants.
GateNews1h ago
Ethereum Foundation Funds $1M Audit Program for Smart Contract Developers
The Ethereum Foundation has launched a $1 million subsidy program designed to help Ethereum mainnet builders pay for professional smart contract security audits.
Key Takeaways:
The Ethereum Foundation launched a $1 million audit subsidy program on April 14, 2026, to help builders cover security r
Coinpedia1h ago
BTTC Bridge Transaction Records Page Upgrade Goes Live with Enhanced Filtering and Tracking
BTTC Bridge has upgraded its transaction records page to improve asset tracking for cross-chain users. The new interface features dual viewing modes, enhanced filters, and clear identification markers, aiming to streamline transaction management. Further refinements are planned.
GateNews3h ago
South Korea Plans Blockchain Deposit Token Pilot for Government Spending in Q4 2026
South Korea plans to launch a blockchain-based deposit token pilot in Sejong City in Q4 2026, replacing traditional government payment methods. This initiative aims to simplify transactions and reduce costs for small businesses.
GateNews5h ago
Cobo Launches Adoption Clearing Layer (ACL) for Multi-Chain Payment Incentives
Cobo has introduced the Adoption Clearing Layer (ACL), an incentive settlement platform for blockchains and payment institutions. It offers multi-chain payment routing, enabling users to earn rebates and boosting transaction volumes in the ecosystem.
GateNews6h ago
Will the WLFI token be locked up until Trump is ousted? Justin Sun was ruthlessly “harvested” like a sucker, and bitterly condemned “world tyranny.”
Donald Trump’s family crypto project WLFI has rolled out a new governance proposal that would extend the token lock-up period for early investors to four years, sparking strong opposition from investors including Justin Sun. Sun criticized the proposal as a “threat,” and believes it is coercion directed at investors. WLFI, meanwhile, said the proposal can help ensure a healthy market and that it is facing legal challenges from outside the organization.
ChainNewsAbmedia6h ago
