World Liberty Financial, a crypto venture linked to the Trump family, is facing backlash from investors, including billionaire supporter Justin Sun, who alleges the project quietly implemented mechanisms allowing insiders to freeze users’ funds.
Sun, who poured tens of millions of dollars into World Liberty, called the project “a trap masquerading as a door” in a post on X on Sunday.
Tron blockchain founder Sun claimed on X that the company has embedded a “backdoor blacklisting function” in its smart contract.
“This function gives the Company unilateral power to freeze, restrict, and effectively confiscate the property rights of any token holder, without notice, without cause, and without recourse,” the cryptocurrency billionaire added.
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