Justin Sun Challenges WLFI Asset Freeze After $9 Million Token Move
Justin Sun urged World Liberty Financial to reverse the blacklisting of his address, calling the $3 billion token freeze unreasonable while pledging new $10 million WLFI and ALTS purchases to reaffirm support.
Justin Sun publicly called on World Liberty Financial (WLFI) to reverse its decision to blacklist his wallet, which froze 540 million unlocked and 2.4 billion locked WLFI tokens, valued at over $3 billion. The action followed on-chain alerts of $9 million worth of WLFI transfers to exchanges. Sun argued the freeze violated investor rights and undermined confidence in the project. Despite the dispute, he pledged to market buy $10 million of WLFI and $10 million of ALTS, the stock of Nasdaq-listed Alt5 Sigma. Alt5 recently announced a $1.5 billion WLFI treasury initiative. As of September 5, 2025, WLFI traded slightly above $0.18, while ALTS rose 5%.
- Wallet Blacklisting: The act of blocking a specific crypto wallet from interacting with a project’s smart contracts or platform, often due to disputes or compliance measures.
- WLFI Token: The native token of World Liberty Financial, currently subject to market volatility and controversy involving Justin Sun.
- ALTS: The Nasdaq-listed stock ticker for Alt5 Sigma, a company tied to WLFI treasury initiatives.