BUSINESSR/DEFI
Justin Sun vs WLFI is exposing how fake governance really is
Justin Sun sued World Liberty Financial (WLFI) over frozen tokens, revoked voting rights, and threats to burn his holdings. WLFI's governance structure allegedly allowed centralized control despite marketing as decentralized, with documents capping voting power and reserving corporate discretion to freeze wallets. The case highlights DeFi's centralization issues and fake governance claims.
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