Justin Sun Sues World Liberty Financial Over Alleged Smart Contract Backdoor
- Justin Sun, founder of Tron, filed a federal lawsuit against World Liberty Financial (WLF) in California.
- Sun claims WLF’s WLFI token smart contract has a hidden blacklisting function used to freeze $107M in tokens.
- Zak Folkman, WLF co-founder, argues the smart contracts were transparent and visible on-chain.
- Sun invested approximately $45M in WLFI tokens and served as an advisor, with commitments totaling $75M.
- The lawsuit accuses WLF of fraud and breach of contract for allegedly misusing the blacklisting function.
Justin Sun’s lawsuit against World Liberty Financial centers on allegations of a hidden blacklisting function in the WLFI token’s smart contract. Zak Folkman defends the transparency of the project’s on-chain code.
Source (3.2)https://cryptobriefing.com/world-liberty-financial-defends-smart-contract-transparency/?rand=59535
