The team at World Liberty Financial (WLFI) has provided an official explanation following the blocking of a total of 272 cryptocurrency wallets, which has sparked discussions and concerns within the crypto community.
This is reported by Business • Media
Reasons for WLFI Wallet Blocks
According to WLFI representatives, only those addresses associated with suspicious or illegal activities were blacklisted. The company’s statement emphasizes that most of the blocked wallets were involved in phishing attacks, and there were also wallets that their owners requested to be temporarily frozen due to hacks. Among the blocked wallets:
- 215 wallets were associated with phishing attacks;
- 50 were hacked and blocked at the owners’ request;
- 5 were deemed high-risk;
- 1 wallet is suspected of illegal fund appropriation and is currently under investigation.
The Situation with Justin Sun’s Wallet and WLFI’s Reaction
The blocking of the wallet belonging to TRON founder Justin Sun attracted particular attention from the community, occurring after the transfer of 50 million WLFI tokens. Sun himself stated that it was a simple transaction, not a sale of assets, and urged the platform team to unfreeze his funds. However, WLFI did not comment on the situation regarding his wallet.
“We do not aim to blacklist anyone. We respond when we receive reports of malicious or high-risk activities that could harm community members,” the platform stated.
The statement also emphasized that the platform does not blacklist wallets due to normal market behavior of users.
Justin Sun has not yet commented on WLFI’s latest statement, although he previously highlighted that the blocking of his wallet could undermine trust in the platform among users.