A prominent crypto developer has leveled serious accusations against World Liberty Financial (WLFI), a cryptocurrency project reportedly linked to President Donald Trump's family. The developer, Bruno Skvorc, who works for Polygon's DevRel team, claims WLFI has "stolen" his money by refusing to unlock his tokens, citing a "high risk" assessment of his wallet due to past blockchain activity.
Key Takeaways
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Polygon developer Bruno Skvorc alleges WLFI froze his tokens, calling it a "theft."
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WLFI cited "high risk" due to past blockchain interactions, including Tornado Cash.
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Other prominent figures, like Justin Sun, have also reported frozen WLFI tokens.
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The incident highlights concerns about the reliability of automated compliance tools in crypto.
Allegations of Theft and "New Age Mafia"
Skvorc took to the social media platform X to share his experience, posting an email from WLFI's compliance team that flagged his wallet address. The team stated his tokens would not be released because of "blockchain exposure." Skvorc expressed his frustration, stating, "TLDR is, they stole my money. And because it’s the @POTUS family, I can’t do anything about it. This is the new age mafia. There is no one to complain to, no one to argue with, no one to sue."
He further clarified that he is one of six early investors whose holdings were subject to a 100% token lockup from the outset. Skvorc argued that it was not considered "high risk" to accept funds from his address initially, but it became a risk when it came to unlocking owed money.
Concerns Over Compliance Tools
The incident has drawn criticism regarding the automated compliance tools used by projects like WLFI. Onchain investigator ZachXBT commented that such tools can incorrectly flag addresses as "high risk" for minor or unrelated reasons, such as interacting with decentralized finance (DeFi) contracts or exchanges. ZachXBT shared an instance where a team had to manually review addresses for a presale because compliance tools had flagged them due to distant, indirect activity.
In Skvorc's case, the flags were reportedly linked to a past transaction through the crypto mixer Tornado Cash, indirect connections to sanctioned entities like Garantex and Netex24, and previous interaction with a now-blacklisted dashboard.
Justin Sun Also Affected
Adding to the controversy, Tron founder Justin Sun revealed on Friday that his WLFI token allocation had also been frozen. His wallet was blacklisted after blockchain trackers identified a $9 million transaction, leading to accusations that he had begun selling his tokens. Sun described the freeze as "unreasonable" and urged World Liberty Financial to release his tokens, asserting that the decision contradicted core blockchain values and that tokens should be considered "sacred and inviolable."
Sources
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Polygon Dev Accuses Trump-Linked WLFI of Stealing Tokens, Cointelegraph.
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Polygon dev slams WLFI, calls Trump-linked crypto project a ‘new age mafia’”, Mundo Deportivo.
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