Sun Yuchen accuses WLFI smart contract of secretly installing a backdoor, leading to his token wallet being illegally blacklisted

Deep Tide TechFlow News, April 12th, Sun Yuchen publicly accused World Liberty Financial (WLFI) on the X platform of embedding a blacklist feature in the WLFI token smart contract, which allows unilaterally freezing or restricting the rights of any token holder without notice, reason, or recourse. He described this move as “the opposite of decentralization.”

Sun Yuchen stated that he was an early supporter of WLFI and invested a significant amount of funds in the project’s early stages, but the aforementioned backdoor feature was never disclosed to investors. He also claimed that as early as 2025, the WLFI team had illegally blacklisted his personal WLFI token wallet, calling himself “the first and biggest victim.”

In his post, Sun Yuchen listed multiple accusations against the WLFI team, including: charging fees to users, secretly implanting backdoors to control user assets, freezing investors’ funds without disclosure or proper procedures, and opaque governance voting procedures with predetermined results and key information concealed from voters. He stated that these actions “have never been authorized through any fair, transparent, and good-faith community governance process.”

Finally, Sun Yuchen called on the WLFI team to unlock the tokens and maintain transparency with the community.