Justin Sun continues to face fallout from his involvement with World Liberty Financial (WLFI), the Trump-backed DeFi initiative, despite being one of its largest financial supporters.

According to blockchain analytics firm Bubblemaps, Sun remains blacklisted by World Liberty more than three months after the initial incident. During this period, the value of his locked WLFI tokens has reportedly fallen by $60 million, highlighting the financial cost of the freeze. The blacklisting occurred after Sun moved roughly $9 million in WLFI tokens, triggering a contract-level restriction that froze the assets and prevented any transfers.

The situation surprised many observers given Sun’s visible and substantial support for Trump-linked crypto projects. He invested an estimated $175 million in total, including $100 million in the TRUMP memecoin and $75 million in $WLFI , making him one of the most prominent backers. Sun later became the largest holder of the TRUMP token and attended a gala dinner hosted by Donald Trump, where he received a “Trump Golden Tourbillon” watch.

Sun has publicly denied any wrongdoing, stating that his intent was to support the project’s long-term growth and community. He described the token freeze as unreasonable and damaging. Since WLFI began trading in September, its price has dropped more than 40%, compounding losses for locked holders. Notably, Trump’s three sons are listed as co-founders of World Liberty, adding further political visibility—and controversy—to the project.

Source: The Block