HomeCrypto NewsMarketTRON Founder Justin Sun Suffers $60M Loss Amid WLFI Blacklisting

TRON Founder Justin Sun Suffers $60M Loss Amid WLFI Blacklisting

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TRON founder Justin Sun has remained locked out of World Liberty Financial for more than three months following his blacklisting.

The extended restriction has wiped out an estimated $60 million in the value of his frozen tokens. The scale of the losses was highlighted on Monday by blockchain analytics platform Bubblemaps. 

In a post on X, the firm stated that Sun remains blacklisted by World Liberty Financial (WLFI) and noted that the value of his locked tokens had declined significantly over the preceding three months.

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The update has renewed attention on a dispute that has lingered largely out of public view since September.

How the Blacklist Began

World Liberty Financial blacklisted an address linked to Sun in September after he transferred roughly $9 million worth of WLFI tokens. The move triggered an immediate freeze, preventing any further transfers from the address.

More than three months later, Sun’s status remains unchanged, with the restriction still firmly in place.

The impact of the blacklist has been compounded by broader market weakness. According to CoinGecko data, WLFI has declined by more than 60% since trading began in September. Because Sun’s holdings remain frozen, he has been unable to respond to the downturn, amplifying the losses cited by Bubblemaps.

Heavy Backing Makes the Situation Notable

The ongoing freeze is notable given Sun’s prominent role as a backer of Trump-linked crypto ventures. He invested approximately $75 million in WLFI and committed about $100 million to the TRUMP memecoin

Altogether, Sun directed an estimated $175 million toward projects associated with President Donald Trump.

Sun’s involvement extended beyond capital. Having secured the position of top holder of the TRUMP memecoin, he was invited to a gala dinner with Trump and presented with a ‘Trump Golden Torbillon’ watch.

Even so, these public connections have not translated into a resolution of the blacklist.

Sun Pushes Back Against the Decision

Following the September action, Sun denied any wrongdoing. At the time, he said his transactions were consistent with long-term support for the project. He further described the freezing of his tokens as unreasonable, arguing that it contradicted his stated intention to strengthen the WLFI ecosystem.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Zabi
Zabi
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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