In a move that screams, âHold my crypto,â World Liberty Financial (WLFI)-yes, the crypto protocol hanging out with the Trump family-decided to blacklist a wallet owned by none other than Justin Sun, the Tron guy who clearly likes to play with billion-dollar toys. On Thursday, they hit pause on 595 million unlocked WLFI tokens, conveniently worth about $107 million. No big deal, right?
According to blockchain paparazzi at Arkham Intelligence, at the very punctual hour of 09:18 UTC, Sunâs wallet (0x5AB-because nothing screams âtrustworthyâ like a cryptic alphanumeric) sent a cool $8.89 million over to another address, which promptly got slapped with the blacklist equivalent of a digital time-out. Red flags? More like red fireworks. đ
JUST IN: JUSTIN SUNâS ADDRESS BLACKLISTED FOR TRANSFERRING $9M $WLFI
– Arkham (@arkham) September 4, 2025
Sun, clearly channeling his inner damage control specialist, hopped on X to assure us all that this wasnât a shady sale-it was âa few generic exchange deposit testsâ (because nothing says âtotally innocentâ like running tests with multi-million dollars). He promised it was more boring than a sleepy Sunday marathon and couldnât possibly shake the market. Sure, Justin, and Iâm definitely not just binge-watching Netflix right now.
And the cherry on top? This $9 million flirtation only cost $0.69 in gas fees. Less than a latte, but with slightly higher stakes. The cash took a scenic route from Sunâs Ethereum address, through the WLFI smart contract, and landed someplace no oneâs allowed to touch now. đ«
Sunâs Wallet Drama Throws Shade on WLFIâs Future
This move adds to WLFIâs mounting âWhy are we even surprised?â moments. Already under the microscope for its colorful backers and political hookups, the tokenâs price tanked over 21% in 24 hours. Oops.
Justinâs been busy too-shuffling funds like a casino dealer with WLFI, USDT, and a soupçon of other tokens. His crypto stash is still sitting pretty above $2.25 billion, starring TRX, stETH, BTC, and a cryptic double-AETHWETH (because why not?).
Blacklisting a wallet tied to a crypto celeb like Sun is like the wild west getting a new sheriff. It highlights the giant, gaping compliance holes in DeFi and the high-wire act of managing millions in opaque tokens.
Now, all eyes are on WLFI: is this a one-time âoopsâ or the start of a regulatory roast? Investors and regulators alike are gripping their popcorn-because the real show is just beginning, and who gets flagged next might be the juiciest plot twist yet.
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2025-09-05 00:05