Justin Sun’s WLFI Wallet Blacklisted After $9 Million Transfer to HTX

World Liberty Financial (WLFI), managed by Justin Sun, has been subject to a controversial action after a massive $9 million transfer of its tokens to the crypto exchange HTX. This transaction was confirmed by data from Arkham Intelligence and Nansen, leading to the blacklisting of WLFI’s address on Thursday. The move followed speculation that the project was intentionally manipulating the market activity in the first week of trading following its launch. Sun previously stated that the transfer was for routine testing purposes but it seems this action has sparked concerns about centralization within the project.