Crypto pundit Star has highlighted that crypto decentralization is a myth, noting that crypto networks and firms can freeze funds. The pundit specifically alluded to the Tether freeze and Arbitrum’s move to freeze the crypto assets stolen by the Kelp DAO exploiter. Pundit Highlights Crypto Decentralization Myth In an X post, Star stated that centralization has been exposed inside TRON USDT. The pundit noted that Tether just executed the largest freeze in its history, freezing $344 million USDT, which it carried out in coordination with OFAC and the U.S. law enforcement. This was executed directly through the USDT smart contract, with the funds visible but completely unusable. Related Reading: What The Kelp DAO’s $292 Million Hack Means For XRP Holders Earning Yield Further commenting on how it works, Star explained that Tether has admin control over USDT contracts, which proves that crypto decentralization is a myth. The pundit added that this admin control enables the USDT issuer to blacklist any address, freeze balances instantly, and permanently destroy funds. It is worth noting that Tether had confirmed the freeze, stating that it supported the U.S. government in freezing $344 million USDT across two addresses, which were on the TRON network. The firm added that the freeze was executed after the addresses were identified, preventing further movement of funds. A CNN report confirmed that the U.S. government directed the freeze of these USDT funds because they are linked to Iran. Iran had notably opted against stablecoins in favor of Bitcoin for toll payments at the Strait of Hormuz over fears of seizure, further highlighting the myth around crypto decentralization. Meanwhile, Star pointed out that the Tether freeze on TRON came just days after the network’s founder, Justin Sun, said that TRON is the most decentralized blockchain in the world after the Arbitrum incident. Sun has yet to comment on the Tether freeze on the TRON network, which occurred earlier this week. The Arbitrum Incident Also Raises Concerns Star also cited the Arbitrum incident to highlight that crypto decentralization is a myth. Earlier this week, Arbitrum announced that the network’s Security Council had taken emergency action to freeze the 30,766 ETH being held in the Arbitrum address that is connected to the Kelp DAO exploiter. Related Reading: Remember Arbitrum? This Analyst Just Predicted That A 7,400% Rally Is Coming The network stated that the Security Council acted with input from law enforcement regarding the exploiter’s identity. It is worth noting that the Kelp DAO exploiter had stolen up to $292 million in staked ETH from the Kelp DAO bridge last weekend. Meanwhile, Arbitrum’s decision to freeze this ETH drew mixed reactions. Crypto pundit Pledditor noted that Arbitrum, which has regularly received praise from Vitalik Buterin as the most decentralized Layer-2, has just frozen funds. On the other hand, Helius CEO Mert praised the move, noting that Arbitrum having the means of control and refusing to use it to appease the exploiters would be a “much worse and dishonorable outcome.” Featured image from Pxfuel, chart from Tradingview.com
World Liberty Financial (WLFI) has hit new lows as one of its largest investors files a lawsuit against the project backed by the US First Family, raising concerns about the project’s stability. Related Reading: Ethereum Faces ‘Moment Of Truth’ As Price Eyes $2,450 Resistance – Breakout Loading? WLFI Sinks Amid Justin Sun Lawsuit World Liberty Financial’s token has fallen around 3% over the past 24 hours, reaching a new all-time low of $0.0761 on Thursday morning, according to CoinGecko data. The cryptocurrency had been trading between $0.0887-$0.1355 since the early February correction, but broke down from this range at the start of April. Notably, the token has seen 16.5% and 26% corrections in the weekly and monthly timeframes, fueled by multiple controversies and the recent legal action taken by Tron founder and WLFI’s largest holder, Justin Sun. Sun filed a complaint against the Trump-backed project on Tuesday, alleging that WLFI’s team froze his tokens using an embedded smart contract backlist function, stripped him of his voting rights, and threatened to burn his holdings, without proper justification. According to the lawsuit, he invested a total of $45 million to buy 3 billion WLFI tokens in 2024 and 2025 and received one billion tokens for advising the project. He also claimed that “World Liberty is on the verge of collapse,” raising concerns about whether the project has enough reserves to back its USD1 stablecoin. In the filing, Sun reportedly says that his relationship with WLFI’s team soured mid-last year after he declined to provide more investment and support to the project, specifically the USD1 stablecoin. In addition, he claimed that World Liberty Financial privately blamed him for the WLFI’s 40% price crash on its launch, leading to his address blacklist on September 4, 2025. Eric Trump Takes A Jab At Sun The Tron founder affirmed on X that he had tried to resolve the situation privately, but that “certain individuals on the World Liberty project team have been operating the project in a manner that goes against President Trump’s values,” leaving him “no choice but to turn to the courts.” World Liberty Financial co-founders Eric Trump and Zack Witkoff publicly responded to Justin Sun’s lawsuit, dismissing his complaint and taking a jab at the Tron founder. In an X post, Eric Trump discredited him, arguing that the only thing “more ridiculous than this lawsuit is spending $6 million on a banana duct-taped to a wall,” referencing Sun’s notorious purchase of Maurizio Cattelan’s banana artwork in late 2024. Some online users pointed out the shift in their relationship, noting Trump’s second son had praised Sun less than a year ago. In June 2025, Eric Trump said he was “the biggest fan of Tron” and “loved” Justin Sun, whom he called a “great friend and an icon in the crypto space.” Related Reading: Dogecoin ‘Launchpad’ Ready? Analysts Forecast Big DOGE Price Move Amid Volume Spike Witkoff, who is the son of Trump Middle East envoy Steve Witkoff, also called Sun’s lawsuit a “desperate attempt to deflect attention” from the crypto founder’s “misconducts,” affirming that his claims are “entirely meritless” and that World Liberty Financial looks forward to getting the case thrown out soon. “He engaged in misconduct that required World Liberty to take action to protect itself and its users. World Liberty will continue to take all necessary steps to protect its community,” Witkoff concluded. As of this writing, WLFI has fallen more than 75% since its all-time high (ATH) of $0.33 on September 1, 2025. Featured Image from Unsplash.com, Chart from TradingView.com
Sun said the WLFI team refused to unfreeze his tokens, leaving him with no choice but to turn to the courts.
Tron Founder Justin Sun issued harsh criticism of the new proposal, calling it one of the 'most absurd governance scams.'
World Liberty Financial (WLFI), the decentralized finance platform backed by President Donald Trump, is navigating a deepening crisis as a precipitous drop in its token price collides with a bitter public dispute involving Tron founder Justin Sun. The turbulence centers on two distinct but compounding controversies: accusations from Sun that the protocol's team used centralized […]
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Tron founder Justin Sun’s World Liberty token position is down by more than $80 million, according to Bubblemaps data.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Rainberry Inc., the company behind BitTorrent, agreed to pay a $10 million settlement that ends a long-running case with the US Securities and Exchange Commission. The agreement lets the regulator dismiss its remaining civil claims against Justin Sun and affiliated foundations with prejudice, meaning the SEC cannot refile those specific charges. Related Reading: Solana Stablecoins Hit $650 Billion In Monthly Transactions Sun acquired BitTorrent and integrated it into his Tron blockchain ecosystem, linking Rainberry and the BitTorrent Token (BTT) to his crypto operations. Officials framed the settlement as closure rather than an admission of wrongdoing. Settlement Reduces Regulatory Overhang For Crypto Projects Reports indicate the SEC’s case targeted allegations tied to token sales, trading practices, and unregistered offerings involving TRX and BTT. By resolving the matter through Rainberry’s payment, civil claims against Sun and the Tron Foundation were dismissed. Analysts say the move clears a major legal hurdle and may reassure exchanges, investors, and partners that the immediate regulatory risk has been reduced. Justin Sun’s Role And Statements On The Outcome Justin Sun and spokespeople emphasized that he did not admit wrongdoing. Sun framed the settlement as an opportunity to focus on product development, partnerships, and community engagement within the Tron ecosystem. Public filings now reflect that Rainberry’s payment closes its portion of the case while reinforcing Sun’s ongoing leadership of the integrated BTT and TRX network. The Chinese cryptocurrency entrepreneur Justin Sun reached a $10 million settlement to resolve a US Securities and Exchange Commission civil fraud case over his trading activity https://t.co/qJoSVO20WC — Reuters (@Reuters) March 6, 2026 Traders Watch For TRX Price Breakout The market wasted no time reacting. Trading volume on TRX spiked on settlement news, though key resistance levels around $0.15 remained untested as of Thursday. This caution is consistent with where TRX has been for the last 18 months. TRX, at the time of writing, was trading at $0.285, meaning that its value is not in line with the record number of transactions being made on chain. At this point, the market is still pricing in the potential risk of an SEC lawsuit and not valuing TRX for being the most used stablecoin network in the world. Traders are viewing this settlement as lowering their legal exposure, and therefore will not consider this to be the “big” catalyst to move TRX up in price. Traders are chasing liquidity, depth of buy/sell orders, and the overall macro conditions of crypto when trading TRX. From a legal perspective, it is important to note that although this particular case has now closed, public accusations of wrongdoing remain on record. As a result, both exchanges and custodians must continue to be vigilant in complying with regulations. Related Reading: XRP To Pass Bitcoin, US Veteran Claims Amid War Forecast Foundations and Ecosystem Outlook The Tron Foundation has been focusing on developing technical solutions and providing support for projects within its ecosystem. The SEC settlement removes one of the obstacles to developing business and joint venture partnerships. However, restoring confidence in the ecosystem will take some time. Featured image from Crosley Law, chart from TradingView
Rainberry, a company affiliated with the Tron network, will pay a $10 million fine. Charges against Sun will be dismissed.
The U.S. agency's chairman said in a House hearing that he's open to a confidential briefing for lawmakers on the topic.
The FCA has escalated enforcement against HTX, launching legal action over alleged illegal crypto promotions to UK consumers.
Tron’s blockchain operator has been adding to its stash of TRX and that activity is getting attention. Reports say the platform recently bought 179,408 TRX at an average cost of $0.28, lifting its treasury to about 680 million tokens. The buy was one more in a series of purchases that show a clear pattern: steady accumulation over several days. Related Reading: After Predicting XRP’s Drop, Analyst Says The Bottom May Be In Tron Increases Treasury Holdings According to on-chain records, the platform purchased tokens at slightly different prices across recent days. On February 7, it bought more than 184,000 TRX at $0.27 a piece. On February 8, another 181,000+ TRX were added at $0.28. The most recent move of 179,400 TRX followed those buys. These are not one-off trades. They read as deliberate, repeated steps to build a reserve of native tokens over time. Tron Inc. (NASDAQ: TRON) acquired 179,408 TRX tokens today at an average price of $0.28, further increasing its TRX treasury holdings to more than 680.7 million TRX in total. The company aims to further grow its Tron DAT holdings to enhance long term shareholder value. For live… — Tron Inc. (@TRON_INC) February 9, 2026 Tron’s founder, Justin Sun, posted a short message that read “Keep Going.” That simple line was taken by some traders as a vote of confidence. Reports note Sun’s public backing came while his legal fight with regulators remains on pause, and that political voices have criticized the pause. TRX Sees A Small Bounce, Volume Falls Market moves have been modest. The token is trading near $0.27, up about 0.75% from earlier in the day. Still, TRX has slipped 1.5% over the past week and 6% in the last month. Trading activity has cooled; 24-hour volume fell by 20% to roughly $520 million. That lower volume suggests fewer hands are moving funds, which can make any price uptick look fragile. What The Buying Might Mean Large-scale accumulation by a project is usually read two ways. For followers, it can be a sign the team expects future value or wants to support liquidity. For skeptics, it can also look like internal reshuffling or an effort to control supply dynamics. The repeated purchases at nearby price points point to a steady plan rather than panic buys, but steady plans don’t guarantee price rebounds when broader market sentiment is soft. Related Reading: Breathe… XRP Is The ‘Oxygen’ Of The New Financial System, CEO Says Reports say Tron intends to keep buying. If that continues over the next 10 days or longer, the treasury will grow and the narrative around its reserve will strengthen. Yet the wider market’s mood and regulatory pressure will probably matter more for TRX’s path than a handful of buys. Investors watching the token should note the low turnover and the modest nature of the price rise; both hint that stronger momentum has not yet arrived. Featured image from Yellow.com, chart from TradingView
TRX has outperformed much of the crypto market this year, slipping only about 1.3% versus bitcoin's nearly 19% decline.
After posting “All in AI” on X, the Tron founder says artificial intelligence could become crypto’s next major growth driver as the industry works toward clearer product-market fit.
Justin Sun plans to add between $50 million and $100 million worth of bitcoin (BTC) to the blockchain's holdings, the Tron founder told CoinDesk.
Sun's investment coincided with a sharp rally in the RIVER token and heightened scrutiny over leverage-driven trading activity.
Sun has been blacklisted despite using his resources to accumulate $175 million worth of Trump-backed token projects.
Sun accused FDT of exploiting gaps in Hong Kong’s trust company regime and urged regulators to act after a Dubai court froze assets linked to the alleged misappropriation.
Reports have disclosed that crypto entrepreneur and Tron founder Justin Sun moved a sizable amount of Ethereum into a liquid-staking service this week. Related Reading: Everyone’s Giving Up On Bitcoin? Crypto Exec Says That’s Exactly Why It Will Rise According to on-chain data, about 45,000 ETH — worth roughly $154.5 million at the time — was shifted from the lending protocol Aave into the Lido Finance staking pool. The transfer was public and traceable on the blockchain. It drew quick attention because of its scale and timing. Sun’s Public Wallets Grow The funds had been sitting on Aave before the move. They were then deposited into Lido, which issues staked-ETH tokens that let holders keep a form of liquidity while their ETH is staked. Based on reports, Sun’s public wallets now show around $534 million in ETH holdings. That figure has reportedly surpassed his holdings in TRON’s native token, TRX, which are estimated near $519 million. Market watchers say the swap signals a shift in how some big holders are allocating capital. JUSTIN SUN JUST STAKED OVER $150M OF ETH [ARKHAM INSIGHTS] Justin Sun just withdrew $154.5M of ETH (45,000 ETH) from AAVE and deposited it to Lido Staking. He currently holds $534M of ETH in his public wallets, even more than he holds in TRX ($519M). We found this through… pic.twitter.com/rwU3H5uIKu — Arkham (@arkham) November 5, 2025 Bigger Stakes, Bigger Questions Analysts reacted fast. Some see the action as a vote of confidence in ETH’s yield options and protocol security. Others raised the point that large sums routed into single liquid-staking providers can add to centralization risks on the network. Price remains unpredictable. Also, staking carries its own risks — smart contract bugs, validator downtime, and slashing events are possibilities that investors must weigh. Market Context And Price Action Based on reports, ETH was trading near $3,389 when this movement was noted. The token had slipped about 12% in the previous week, which makes big staking flows more visible because large buys or internal transfers stand out against falling prices. Related Reading: Bitcoin’s Grip Holds — But Signs Of Weakness Are Piling Up: Analyst In the broader crypto landscape, institutional and whale moves into staking have been increasing over the past months. Lido remains one of the largest liquid-staking providers, and its market share is watched closely by both traders and protocol researchers. Signals Versus Motive Actions by the Tron boss Sun could be long-term, aimed at yield, or at a broader portfolio shuffle. There is something notable in the transfer, but it is only a piece to a bigger picture— including holdings, trading, and trends beyond the broader indirect markets. Featured image from Unsplash, chart from TradingView
If you’ve ever bought a token only to find out its grand use case was “having a token,” congrats, you played the game just right. Wolf of All Streets’ Scott Melker sums it up best. After years wandering crypto’s high-stakes tables, he’s upgraded his stance from “99.9% of crypto is a casino” to “99.999999%. As […]
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Onchain data shows WLFI’s sharp drop was driven by shorting and dumping across exchanges – not Justin Sun's token movements – while the project says wallet freezes targeted phishing-related compromises, not market participants.
World Liberty Financial’s native token staged a comeback after the project blacklisted Tron founder Justin Sun’s token holdings of 595.109 million WLFI tokens. Sun remarked, “As one of the early major investors in World Liberty Financials, I have contributed not only capital but also my trust and support for the future of this project. My goal […]
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Trump-backed DeFi project World Liberty Financial has blacklisted an address linked to Justin Sun after it reportedly transferred some of its WLFI tokens, sparking allegations of market manipulation. Related Reading: Cardano (ADA) Redemption Controversy Over? Hoskinson Shares IOG Audit Results World Liberty Financial Blacklists Justin Sun On Thursday, World Liberty Financial reportedly blacklisted the Tron founder’s address following his recent movements of his WLFI holdings and multiple online accusations that he was selling. According to Arkham data, Sun claimed 600 million WLFI tokens at the Token Generation Event (TGE), valued at $200 million at the time, as 20% of the 100 billion tokens were unlocked. The Tron founder was one of the earliest investors in World Liberty Financial in 2024 and was recognized as the top holder of US President Donald Trump’s official memecoin, TRUMP, earlier this year. On September 1, he shared his conviction on the token, affirming that WLFI “will be one of the biggest and most important projects in crypto.” He also stated that he had “no plans to sell our unlocked tokens anytime soon. The long-term vision here is too powerful, and I’m fully aligned with the mission.” Nonetheless, multiple on-chain analysis platforms revealed that Sun had started to move his unlocked tokens, sparking rumors that he was selling. On-chain data showed that he had sent 4.9 million WLFI to crypto exchange HTX, owned by the Tron Founder, over the past two days. Sun reportedly transferred 50 million tokens, worth $9.12 million, to a new wallet on Thursday morning, “likely to be deposited into HTX.” Meanwhile, Wu Blockchain noted that over the past 32 hours, HTX address “HTX 48” transferred approximately 60,000,000 WLFI tokens to Binance deposit address 0xf387D7…29FcB5. Sun Denies WLFI Selling Accusations Following the $9 million move, “World Liberty Financial’s controlling address 0x407F…5178 called the guardianSetBlacklistStatus function on the WLFI Token contract, blacklisting the address 0x5AB2…DA74, which is associated with Justin Sun,” Wu Blockchain explained. The action froze Sun’s unlocked and 2.4 billion locked WLFI tokens. Tron’s founder responded to the accusations on X, stating that his address just conducted “a few test deposits on exchanges with very low amounts, followed by an address distribution.” He added that these tests “did not involve any trading activities and could not have impacted the market in any way,” but did not comment on the blacklist. At the time of writing, World Liberty Financial has not addressed the situation. WLFI’s Price Hits New Low The news comes as WLFI’s price struggles just three days after launching. Earlier today, the token hit an all-time low (ATL) of $0.16 before bouncing to the $0.18 mark. This performance represents a 20% decline over the past 24 hours and a nearly 45% drop from its all-time high (ATH) of $0.33. Market watcher Daan Crypto Trades noted that the cryptocurrency has broken down from a triangle formation, where the price was compressing for the past two days. According to the trader, WLFI saw a “quick acceleration as expected” and “even gave a nice retest before the continuation down.” Related Reading: Bitcoin Attempts $111,000 Reclaim, But Last Leg Up Could Be Weeks Away – Analyst Meanwhile, analyst Ali Martinez suggested that te bottom might not be in, highlighting that the token now risks a 25%-50% drop after losing the $0.20 area as support. Featured Image from Unsplash.com, Chart from TradingView.com
The crypto billionaire bought $75 million worth of WLFI tokens and was named an advisor to the DeFi project.
Sun is a key investor in the project and holds around $700 million worth of WLFI tokens, mostly vested.
The Tron blockchain is preparing for its steepest fee reduction since launch, following a community vote by its Super Representatives (SRs). On Aug. 29, Tron founder Justin Sun confirmed that the blockchain network’s community has backed a proposal to lower fees by 60%. This adjustment, scheduled to take effect later today, aims to lower transaction […]
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Tron founder Justin Sun has filed a lawsuit against Bloomberg, accusing the media outlet of unlawfully disclosing his private financial information in its Billionaires Index profile. In an Aug. 11 court filing, the crypto billionaire alleged that Bloomberg intended to “recklessly and improperly” publish highly confidential and proprietary details about his crypto holdings. He argued […]
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After finally taking his $28 million Blue Origin ride, the Tron founder says the view from space changed his perspective and strengthened his commitment to innovation.
Justin Sun, founder of the Tron blockchain, has set an ambitious goal for Tron Inc. to join the Nasdaq 100 index within the next three years. In a July 25 post on X (formerly Twitter), Sun revealed that Tron Inc. is actively working toward qualifying for inclusion in the tech-heavy index, which features companies like […]
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Tron founder Justin Sun is finally heading to space, nearly four years after spending $28 million for a seat aboard Blue Origin’s New Shepard. On July 21, Sun confirmed he would be among six passengers on the company’s upcoming NS-34 mission. This mission will mark Blue Origin’s 34th flight and 14th human-crewed launch. Real estate […]
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