‘Absurd governance scam’: World Liberty Financial’s new proposal prompts harsh criticism from Justin Sun and other holders
The Block
World Liberty Financial faces backlash from investors like Justin Sun over a new token vesting proposal labeled as coercive and a scam.Summary
World Liberty Financial has proposed a new token vesting schedule that would extend lock-ups for early supporters by up to four years, drawing sharp condemnation from major investors. Justin Sun, founder of Tron, characterized the proposal as a "logical trap" and an "absurd governance scam," arguing that it forces holders to accept unfavorable terms or remain locked indefinitely. Critics also raised concerns over potential centralization, alleging that the project's smart contracts are controlled by an anonymous multisig wallet that can override community votes, leading some to consider legal action.
(Source：The Block)