Crypto

Personalities accuse Trump-linked token WLFI of “stealing” their funds

Personalities accuse Trump-linked token WLFI of stealing their funds

A blockchain developer denounced through his social networks that World Liberty Financial (WLFI), the cryptocurrency associated with the Trump family, blocked his funds unjustifiably, preventing him from accessing its tokens.

Bruno Skvocr, a developer linked to Polygon, published a response email from the WLFI team in X, where they assured that his wallet address was identified as “high risk” due to alleged previous activities.

In the information, the project reported that Skvorc tokens would not be released.

Skvorc called the situation a direct theft of his money and revealed that his case was one of six investors who, since the start of the project, have had 100% of their tokens locked.

“Since this is the family of the president of the United States, I feel that there is no way to complain. This is the mafia of the new era: no one to turn to, no one to argue with, no one to sue,” he said.

More blocks and criticism

Since its inception, the token has been the target of criticism and controversy due to its extreme volatility, reporting of hacks, freezing of funds by automated bots, alleged conflicts of interest, and lack of transparency.

ZachXBT, a blockchain researcher who worked on Ethereum 2.0, noted that these automated tools often mark addresses as “high risk” for minimal or irrelevant reasons, such as interactions with contracts or DeFi exchanges, leading to unjustified blocks.

“After conducting my manual review, I saw that certain exchanges/smart contracts were incorrectly labeled as high-risk (…) When we look at a lot of cases, we start to see how flawed all the major compliance tools really are,” ZachXBT explained in its X.

In the case of Skvorc, WLFI traced his wallet to a transaction passed through the Tornado Cash mixer. In addition, they would have found indirect links with sanctioned companies such as Garantex and Netex24, which increased the risk according to the platform.

Tron founder and frozen tokens

Tron founder Justin Sun also suffered from blocks in his WLFI token allocation, valued at $9 million.

His address was blacklisted after the platform detected a sale attempt, drawing criticism over the coin’s transparency and management.

Sun called the move “unreasonable” and said it contradicted the fundamental principles of the distributed public ledger, stating that tokens should be “sacred and inviolable.”

“I call on the team to respect these principles, unlock my tokens, and let’s move forward together towards the success of World Liberty Financials,” he said in his personal X. “These measures not only violate the legitimate rights of investors, but also risk damaging broader confidence in World Liberty Financials,” he said, reiterating that he was one of those who initially believed in the Trump project.

What did World Liberty Financials say?

The World Liberty Financial (WLFI) team responded to criticism on social media by claiming that it intends to protect users and not restrict legitimate activity.

In their message, they stated, “We have heard the community’s concerns about the recent wallet blacklists. Transparency above all: WLFI only intervenes to protect users, never to silence normal activity.”

With this, the project sought to justify token locks as a security and compliance measure, attempting to calm the mistrust generated by recent incidents.

In a lengthy thread, the company elaborated, saying that 272 wallets in total were blacklisted, which would represent a “small segment of the total holders.” WLFI also shared an email (info@worldlibertyfinancial.com) where those affected by the blocks can share evidence of their legitimate activity to recover their investment.

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