Sun Yuchen has filed a lawsuit against World Liberty Financial in the U.S. District Court for the Northern District of California, seeking to protect his rights as a $WLFI token holder. Sun alleges that the project team froze his tokens, revoked his voting rights, and threatened to burn his tokens without justification. Despite attempts to resolve the issue outside of court, the team refused to unfreeze his tokens, prompting legal action.
Sun also opposes a new governance proposal by World Liberty, which mandates indefinite token locking for non-compliant holders and a four-year lock-up and vesting period for early purchasers. Due to the freeze, Sun is unable to vote on this proposal.
Sun Yuchen Sues World Liberty Financial Over Token Dispute
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
