The recent blockage of WLFI tokens linked to Justin Sun has stirred responses in the crypto industry and raised significant disputes.
WLFI Token Blocking
WLFI confirmed that it had blacklisted addresses linked to Justin Sun, resulting in the freezing of approximately 540 million unlocked tokens and 2.4 billion locked ones. This decision was made following the movement of $9 million in WLFI toward Binance at a time when the token was already under strain.
Sun's Response: "I Am Innocent"
Justin Sun, known for his outspoken nature, took to X to assert that the transactions were misinterpreted. He described the transfers as routine "exchange tests", arguing there was no connection to market dumping. According to him, the tokens were later routed to specific wallets and never traded in ways that could affect WLFI's price.
Industry Attention to the Conflict
The standoff gained wider attention after Nansen CEO Alex Svanevik shared details of the freeze on social media. Sun directly responded to this post, repeating his claim of innocence. Currently, WLFI has not indicated whether the tokens will be reinstated.
The situation surrounding the blocking of WLFI tokens and Justin Sun's response has become one of the most talked-about narratives in the cryptocurrency world, showcasing the complex interplay between politics and financial markets.
