WLFI Co-Founder Zak Folkman Criticizes Justin Sun
By: coin-turk.com|2026/08/23 21:03:53
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Prefer us on GoogleWorld Liberty Financial co-founder Zak Folkman criticized Justin Sun, the founder of Tron, questioning Sun's attitude towards lecturing others. These criticisms came after discussions surrounding the WLFI token distribution and the freezing of Sun's allocated shares. Folkman noted that HTX is facing scrutiny and sanction pressure for serving Russian entities sanctioned in the UK. He also mentioned that companies linked to Sun reached a $10 million settlement under SEC's wash trading allegations. Folkman cited the SEC's accusations regarding TRX and BTT sales in 2023 as an example. The SEC claimed that these assets were offered without the necessary regulatory approvals and that manipulative practices were present in the transactions. The involved companies closed the case by paying a $750,000 fine during this process. WLFI stands out as a decentralized finance initiative with close ties to the Trump family. Folkman's criticism of Sun is believed to stem from increasing regulatory pressures. Justin Sun continues to be one of the most visible figures in the industry as the founder of the Tron blockchain. Recent developments may reopen discussions about counterparty risk for market makers and custodial service providers.
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