Summary
- World Liberty Financial (WLFI) said it blacklisted Justin Sun's address, freezing 540 million unlocked tokens and 2.4 billion lockup tokens.
- Justin Sun said the transactions were small deposit tests and that they had no impact on the market.
- Arkham analyzed that Justin Sun's transfer of about $9 million worth of WLFI was the direct reason for the blacklist action.
World Liberty Financial (WLFI) blacklisted the address of TRON (TRX) founder Justin Sun, freezing 540 million unlocked tokens and 2.4 billion lockup tokens, and Justin Sun said there was no impact on the market.
On the 4th (local time), Justin Sun wrote on his official X (formerly Twitter), "Our address only conducted several small, routine exchange deposit tests," adding, "The tokens were distributed to specific addresses, and we were not involved in any trading, so they had no impact on the market."
Earlier, WLFI claimed that exchanges associated with Justin Sun were secretly selling users' tokens and driving down the price. Crypto analytics firm Arkham analyzed that Justin Sun's transfer of about $9 million worth of WLFI was the direct background for the blacklist action.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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