Justin Sun is a controversial personality in the crypto space. I don't know if many on Hive would rejoice to know that Sun's over $100 million worth of WLFI has been frozen by Donald Trump.
What triggered Trump's camp to freeze Justin Sun's crypto assets? We were told that the decision was prompted by Justin Sun's transfer of $9 million worth of WLFI. Such a whale move impacted the price of the token, causing the WLFI to drop 40%.
If true, I find the above incident curious and interesting. A troublesome and despised figure in crypto appears powerless now, being confronted with a greater power. Moreover, if the freezing is really true, this makes the defi project of WLFI questionable. If the aim is to shift traditional banking practices into blockchain, how come someone from WLFI can freeze Sun's wallet? Isn't such freezing contrary to the defi goal?
Posted using SoMee