If they can do it in the sun, who is the next one? Say initiates like the WLFI claims that the frost had to protect users ”

World Liberty Financial (WLFI) Defends his decision to freeze hundreds of wallets, in particular Tron found that Justin Sun, claiming that the move was intended to protect users from compromises related to phishing, and not to stifle normal trading.

“WLFI intervenes only to protect users, never to silence normal activity,” wrote the project on X.

WLFI said earlier this week that 272 portfolios had been put up on black, with around 215 of the people related to a phishing attack and 150 compromises through support channels.

Justin Sun’s WLFI address was frozen on Friday after several small transfers of “dispersion test” between his own portfolios after claiming tokens unlocked at launch, none of whom came.

The outgoing transfers of the portfolios marked by the sun made it appear that the renowned WLFI investor sold his tokens, but ONCHAIN ​​data depict a different image.

In an article on X, the founder of Nansen, Alex Svanevik, stressed that Sun’s transfers did not correspond to the chronology of the drop in WLFI tokens.

Nansen’s data show that Justin Sun transferred 50 million WLFI worth around $ 9.2 million on September 4 to 09:18 UTC – three to five hours after the stiff drop in the token – which means that the transfer has followed the accident rather than causing it.

Nansen ONCHAIN ​​data shows a WLFI transfer of $ 12 million from HTX to Binance by a third party.

The tokens were borrowed using the own capital of HTX as part of a routine rebalancing, but this decision occurred after the strongest decreases in WLFI and was too small for having moved the market, since WLFI has a daily negotiation volume of more than $ 700 million.

Once deposited on Binance, it is impossible to determine whether the tokens have been sold or simply kept.

The market players rather emphasize the short circuit and the spill of WLFI through market manufacturers and trading offices on several exchanges such as the real engine of the accident.

Onchain records this view: a transfer from Bitgo to Flowdesk reported by Nansen, coincided with the start of the WLFI slide and has become a key data point to explain the sale.

Meanwhile, WLFI’s decision to freeze the funds related to the accident sparked a nervous chatter among the whales, market manufacturers and other commercial offices that their tokens could be frozen by the literal fiat.

“If they can do it in the sun, who is the next one?” A person familiar with conversations between major market players told Coindesk.

WLFI is currently negotiating at $ 0.18, according to Coingecko. It is down 40% since registration.