Tron founder Justin Sun has publicly condemned World Liberty Financial (WLFI) for its handling of a $75 million DeFi loan, accusing the Trump-backed venture of treating its users as a "personal ATM."
Sun, previously WLFI's largest outside backer, stated, "Every action taken by the WLFI team to extract fees from users and to treat the crypto community as a personal ATM is illegitimate."
The criticism follows WLFI's deposit of 5 billion WLFI tokens as collateral on the DeFi lending platform Dolomite to borrow approximately $75 million in stablecoins. This significant deposit now dominates Dolomite's total supply liquidity, causing temporary lockouts for ordinary stablecoin depositors.
Dolomite co-founder Corey Caplan, who also advises WLFI, played a key role in facilitating the loan. Sun stated, "These actions have nothing to do with me. They have nothing to do with the investors who believed the promises this project made."
Sun highlighted a previous incident where WLFI froze his wallet in September 2025, locking him out of 595 million tokens worth about $107 million at the time. He described this as the project's "original sin" and a violation of investor rights.
Despite his strong criticism of WLFI's operators, Sun reiterated his support for President Trump and his crypto-friendly policies, directing his denunciation specifically at "the bad actors at WLFI."