Crypto Developer Accuses WLFI of Fund Theft

A crypto developer has charged World Liberty Financial (WLFI), a cryptocurrency initiative associated with former President Donald Trump, with misappropriating funds by not releasing his token.

On Saturday, Bruno Skvorc, a developer from Polygon, shared an email from WLFI’s compliance team on X, indicating that his token would not be unlocked.

“To put it simply, they stole my money,” Skvorc remarked. He went on to express frustration, noting that due to the project’s presidential links, he feels powerless to take action. “This is the New Age Mafia. There are no complaints, no disputes, no lawsuits.”

Another user pointed out that Skvorc is likely one of six investors who had been fully entitled to their tokens from the beginning. “It wasn’t ‘high risk’ to accept funds from this address; unlocking what you paid is the actual risk,” he added.

The situation has drawn criticism regarding the compliance systems used in projects like WLFI. Analyst Zachxbt noted that automated compliance tools often mark entities as “high risk” for minor or inaccurate reasons, like involvement with decentralized finance (DeFi) contracts or exchanges.

“The popular compliance tool flagged them due to unrelated activities. They had to manually review addresses for pre-sale status,” Zachxbt explained. “These tools are deeply flawed.”

Skvorc, based in Croatia, works on Ethereum 2.0 and founded RMRK, a company that integrates multi-resource NFTs within gaming metaverse projects.

Justin Sun’s WLFI Token Also Frozen

In a related matter, Justin Sun, the founder of Tron, disclosed that his WLFI token allocations have also been frozen. His wallet was blacklisted following a flagged $9 million transaction, leading to accusations of him attempting to sell.

In his post on X, Sun described the freeze as “irrational” and called for WLFI to unlock the token. He argued that the decision contradicts the fundamental values of blockchain, referring to the token as “sacred and inviolable.”