1:0 IN FAVOR OF JUSTIN SUN 😶🌫️
Justin Sun invested about 45M$ into WLFI, after which the tokens were frozen due to mechanisms built into the smart contracts. He is demanding compensation and insists on a public review of the dispute.
WLFI wanted to have the case transferred to arbitration, but the court rejected that attempt. As part of this conflict, Sun also mentioned risks related to the USD1 stablecoin and the project’s financial obligations.
A big lesson for everyone about how important it is to study the rights included in a project’s smart contracts. If developers can technically restrict your assets, you need to know about it before buying.
Justin Sun invested about 45M$ into WLFI, after which the tokens were frozen due to mechanisms built into the smart contracts. He is demanding compensation and insists on a public review of the dispute.
WLFI wanted to have the case transferred to arbitration, but the court rejected that attempt. As part of this conflict, Sun also mentioned risks related to the USD1 stablecoin and the project’s financial obligations.
A big lesson for everyone about how important it is to study the rights included in a project’s smart contracts. If developers can technically restrict your assets, you need to know about it before buying.
