Sun Yuchen Accuses WLFI Smart Contract of Concealed Backdoor; Its Token Wallet Illegally Blacklisted

In the article, Sun Yuchen listed several allegations against the WLFI team, including charging users fees, secretly implanting backdoors to control user assets, freezing investors’ funds without disclosure or due process, and conducting opaque governance voting procedures—where outcomes were predetermined and critical information was withheld from voters. He stated that the aforementioned actions “were never authorized through any fair, transparent, or good-faith community governance process.”