TechFlow News: On April 12, Sun Yuchen posted on X publicly accusing World Liberty Financial (WLFI) of embedding a blacklist function within the WLFI token’s smart contract. This function enables unilateral freezing or restriction of any token holder’s asset rights—without prior notice, justification, or recourse. He labeled this move “the antithesis of decentralization.”
Sun stated he was an early supporter of WLFI and invested substantial capital during the project’s initial phase—but emphasized that this backdoor functionality was never disclosed to investors. He further claimed that as early as 2025, the WLFI team had illicitly blacklisted his personal WLFI token wallet, declaring himself “the first and largest victim.”
In his post, Sun enumerated multiple allegations against the WLFI team, including: charging users fees; secretly implanting backdoors to control user assets; freezing investor funds without disclosure or due process; opaque governance voting procedures with predetermined outcomes; and withholding critical information from voters. He asserted that none of these actions “were ever authorized through any fair, transparent, or good-faith community governance process.”
Sun urged the WLFI team to unlock the tokens and maintain transparency with the community.
