The conflict between Tron founder Justin Sun and Trump-backed World Liberty Financial, which has been marked by harsh exchanges in recent days, shows no signs of abating.
Lastly, US President Donald Trump and his family have submitted a new proposal regarding the unlocking and burning of their altcoin project, World Liberty Financial (WLFI) tokens.
This proposal drew criticism from Justin Sun and other shareholders.
Tron founder Justin Sun harshly criticized the WLFI’s new governance proposal, calling it a ridiculous scam and one of the “most absurd governance tricks” he had ever seen.
Sun claimed that the WLFI governance voting structure was based on pressure and concentration of power, effectively a fraudulent system.
The proposal aims to impose a lock-up period of up to five years on over 62 billion tokens and to indefinitely freeze the assets of those who vote against it.
Sun alleged that the project’s team was attempting to monopolize power by using specific wallets to blacklist users.
Sun also pointed out that the system where tokens are permanently locked if an opposing vote is cast is problematic. This is because those who vote against the motion will have their tokens permanently locked.
Sun reacted by saying, “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, who previously invested $30 million and advised WLFI, recently accused the project of using its treasury like a “personal ATM” by taking out large loans against token assets, which he said was causing the price to fall.
WLFI further escalated the controversy by threatening legal action against Justin Sun.
*This is not investment advice.
