Get bent my dude!
If you're like me you remember just how man this little turd got when we froze his coins. He refused to speak to the community directly, made all kinds of concerning statements, got blocked, rhetorically asked everyone if we wanted to fuck him, and then hacked the exchanges under the guise that legitimately elected witnesses were "hackers".
Ah yes, well that won't be happening this time.
It's one thing to piss of a small tight-knit community of crypto degens, but it's a whole other situation to piss off the current leader of the "free world". It should come as a shock to no one that Justin Sun has once again stepped in another huge pile of shit of his own making.
WLFI blacklists Justin Sun after a transfer of 50 million tokens; rapid burn and price under pressure
Justin Sun has been flagged on the “blacklist” after a transfer of approximately 50 million WLFI to HTX.
Meanwhile, the project announced an on‑chain burn of 47 million tokens, while the price experienced a sharp decline
Top comment on reddit:
when an immovable scammer meets an unstoppable fraud
So... what happened?
From what I can tell it looks like World Liberty Financial was in the middle of pulling a token burn stunt in order to stem the bleeding of their token. You know the one: where you burn tokens that were minted out of thin air and try to trick idiots into thinking now is a good time to buy.
Despite the intervention, the total indicated supply remains high, standing at around 99.95 billion units. In fact, the burned tokens represent about 0.047% of the overall supply, a relatively limited cut when compared to the total amount.
Come buy our token we are burning 0.047%!
So my guess is that Justin Sun's dumbass catches wind of this and decides to send his tokens to the exchange to use this stunt as exit liquidity... and Trump bros didn't take kindly to that, leading to the ban. Who's to say that Justin Sun wasn't involved in the initial declining price as well. Wouldn't put it past him, and it would make sense within this context of blocking the wallet like this.
Basically it seems as though WLFI has zero justification or cause to block this wallet, but they just did it anyway because "fuck you". I guess we've finally seen someone who can beat Justin Sun at his own game... because now he's groveling and trying to pretend like it was just a misunderstanding.
Justin Sun denied the hypothesis of liquidating the token, reiterating that it was merely tests related to deposits and address dispersion.
Yeah friends this wasn't me exploiting your little scam it was a totally unrelated "test". Pinky swear. lol
Of course in the wake of a stunt like this WLFI loses even more credibility, because even though the person they banned is obviously a bad-actor piece of shit... everyone collectively realizes that WLFI can and is willing to place a freeze on anyone they don't like for literally any reason. It's actually kind of funny that stuff like this isn't explicitly illegal by now with all the fuss made by the regulators during this cycle, but it just goes to show you that the regulators don't care about slapping the big boys around and focus more on screwing over the defenseless low hanging fruit.
“I call on the team to respect these principles, unlock my tokens, and let’s move forward together toward the success of World Liberty Financials,” he wrote on X.
He said that these “unreasonable freezes” violate the legitimate rights of investors and risk damaging the project’s confidence and reputation.
The snake speaks
And he's not wrong, but take a look at that code-switching. Totally reasonable sounding when he's dealing with someone more powerful than him, but a complete and utter nightmare with anyone he believes he can dominate.
Conclusion
Ah, it's a bittersweet result. On the one hand it's funny to watch two scammers get into it with one another, but on the other hand we are reminded that this entire industry is oozing with scammers and uncreative copycats. Wen will we evolve past this drama and create something that doesn't resemble hammered dogshit? Certainly Donald Trump and Justin Sun will have absolutely nothing to do with that future.