Summary
- Justin Sun said he filed a lawsuit alleging that World Liberty Financial improperly froze his WLFI token and infringed on his rights.
- Sun said he took legal action after the project refused to lift the token freeze and restore his governance voting rights, adding that his goal is to receive the same treatment as other early investors.
- He said a new governance proposal that includes an indefinite lock-up of tokens and the burning of 10%% of some advisory allocations could negatively affect the community, and that he would continue to act to defend fairness and transparency.
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Justin Sun, founder of Tron (TRX), said he has sued World Liberty Financial, alleging the project infringed on his rights as a token holder.
In a post on X on April 21, Sun said he filed the lawsuit in federal court in California to protect his rights as a holder of World Liberty Financial tokens.
Sun alleged that the World Liberty Financial team improperly froze his tokens, revoked his governance voting rights and threatened to burn the tokens. He said those actions were taken without justification and added that President Donald Trump would not tolerate them if he were aware of the situation.
Sun said he had tried to resolve the dispute through discussions. He turned to legal action after the project refused to lift the token freeze and restore his rights. He said his goal is to receive the same treatment as other early investors.
He also opposed a new governance proposal disclosed on April 15. Under the proposal, tokens would be locked indefinitely if holders do not agree to its terms, and 10% of some advisory allocations would be burned.
Sun said the proposal could harm the community and that he is unable to vote on it because his tokens remain frozen.
He said he would continue to act to defend fairness and transparency, which he described as core values of the digital-asset market.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
