Crypto Project Tied to Trump Faces Allegations of Deceptive Practices

A cryptocurrency project connected to US President Donald Trump is facing criticism over allegations of deceptive practices. World Liberty Financial (WLFI) has been accused of building a backdoor into its smart contract infrastructure, allowing the team to freeze or block access to user funds without warning.

According to Justin Sun, founder of Tron and one of WLFI's largest investors, his own crypto wallet was blacklisted in 2025, making him the project's first victim. Sun claims that this feature is the opposite of what decentralized finance (DeFi) is supposed to stand for.