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Crypto mogul Justin Sun is still on his public fight with World Liberty Financial (WLFI), calling the Trump-linked venture “tyrannical” after Cryptopolitan reported on a new proposal that would keep early investor tokens locked for four years.
“This proposal is packaged as ‘governance alignment signals’ and ‘long-term commitments,’ but it’s one of the most absurd governance scams I’ve ever seen. I’ll break it down point by point,” said Justin, who is the biggest investor in this project.
WLFI had posted a new proposal Wednesday on its governance forum, which would stop early investors from trading tokens for another two years, then place them under a further two-year vesting period.
The company said 80% of those holdings are already locked. If the measure passes in a vote set for one week later, early investors holding 17 billion tokens would not be able to fully trade them until 2030, one year after Trump is scheduled to leave office.
Justin Sun says WLFI vote punishes dissent
In a long post on X, Justin wrote that the proposal was being wrapped in phrases such as “governance alignment signals” and “long-term commitments,” but called it “one of the most absurd governance scams I’ve ever seen.”
Justin then laid out his case point by point. First, he said the proposal punishes anyone who votes no by ending up with tokens locked forever and no path to unlock them.
Justin also said he has personally been frozen out. He said he controls about 4% of the voting power, but his tokens have been frozen, and he has been shut out of the process. He said other holders with large voting power are in the same position.
“The outcome was decided before the vote even started,” Justin wrote. He said the team can decide who gets to vote and who does not.
He then turned to control of the protocol.
Justin said the WLFI smart contract is controlled by a 3/5 anonymous multisig, while an anonymous guardian EOA can blacklist addresses that hold WLFI and also ignore votes and act directly at the contract level.
Justin wrote, “The so-called governance proposals, on-chain votes, and community discussions are all just theater. This isn’t decentralized governance; it’s dictatorship dressed in DAO clothing.”
Justin attacks anonymous control as replies under his post turn against him
Justin also attacked the voting rules. He said people who want to vote must complete identity checks, sign electronically, and meet compliance standards. At the same time, he said the guardian and multisig signers with real power remain unnamed. “The ruled must dox themselves, while those with absolute power remain anonymous,” Justin wrote.
Justin also said the results “lack legitimacy, should not be binding, and should not be recognized,” calling on WLFI holders to oppose the measure publicly and preserve legal rights.
Naturally, the replies under Justin’s post show little sympathy. One user told him to stay silent and blamed Tron projects tied to him for investor losses, naming Winklink, Tron Bet, dead Tron memes, and a failed meme season. That person said they lost $100,000 on $SUNDOG.
Another said they had been burned by “Brother Sun” before and were standing with WLFI. One Chinese reply said it was satisfying to see Justin get hit back and called it karma. “So you’ve got your day coming too, huh! China’s karma theory is still something you gotta believe in. When you were the big fish gobbling up the little fish, didn’t you ever think there’d come a day when a whale swallows you whole?”
Another person said he bought Trump’s shitcoins to get close to Trump and still got scammed. A second Chinese reply said, “You forced yourself onto it, and now you’re playing the victim? Back when blockchain was taking off, how many of us regular folks in China did you fleece, huh? You? You’re not a scammer? So everyone else is? You’re a real comedian, Sun Yuchen.”
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