Developer Bruno Skvorc accused World Liberty Financial (WLFI) of stealing his funds, claiming his tokens were locked without explanation.
Accusation of Theft
In a Saturday post on X, Bruno Skvorc shared an email from WLFI’s compliance team, which flagged his wallet address as 'high risk.' He stated, 'TLDR is, they stole my money. And because it's the @POTUS family, I can't do anything about it. This is the new age mafia.'
Criticism of Compliance Tools
The incident sparked criticism of the compliance tools used by projects like WLFI. On-chain sleuth ZachXBT explained that automated tools often erroneously flag addresses as 'high risk' for trivial reasons, including interacting with DeFi contracts.
Justin Sun's Tokens Frozen
On Friday, Tron founder Justin Sun also revealed that his WLFI token allocation has been frozen. His wallet was blacklisted after blockchain trackers flagged a $9 million transaction, triggering accusations that he had started selling.
The incidents involving WLFI raise questions about the reliability of compliance tools in the cryptocurrency industry and cast a shadow of discontent over projects linked to high-profile federal figures.
