A crypto developer has accused World Liberty Monetary (WLFI), a crypto mission with ties to US President Donald Trump, of stealing his funds by refusing to unlock his tokens.
In a Saturday post on X, Polygon DevRel Bruno Skvorc shared an e mail from WLFI’s compliance workforce, which flagged his pockets handle as “excessive threat” resulting from blockchain publicity. The workforce mentioned his tokens wouldn’t be launched.
“TLDR is, they stole my cash,” Skvorc wrote. “And since it’s the @POTUS [The president of the United States] household, I can’t do something about it. That is the brand new age mafia. There is no such thing as a one to complain to, nobody to argue with, nobody to sue.”
In response to a different person, Skvorc claimed that he’s one of six traders who have been topic to 100% token lockups from the start. “It was not ‘excessive threat’ to just accept cash from this handle, however it’s excessive threat to unlock owed cash into it,” he wrote.
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Compliance instruments accountable?
The incident sparked criticism of the compliance instruments utilized by initiatives like WLFI. Onchain sleuth ZachXBT chimed in, explaining that automated instruments usually flag addresses as “excessive threat” for trivial or incorrect causes, together with interacting with DeFi contracts or exchanges.
“I helped a workforce manually evaluate addresses for a presale as a result of standard compliance instruments labeled them excessive threat resulting from unrelated exercise a number of hops away,” ZachXBT mentioned. “These instruments are deeply flawed.”
In Skvorc’s case, the flags have been traced to a previous transaction by way of crypto mixer Tornado Cash, oblique hyperlinks to sanctioned entities like Garantex and Netex24, and a earlier interplay with a now-blacklisted dashboard.
Based mostly in Croatia, Skvorc is a blockchain developer who labored on Ethereum 2.0. He’s additionally the founder of RMRK, an organization integrating multi-resource NFTs into gaming metaverses.
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Justin Solar’s WLFI tokens frozen
On Friday, Tron founder Justin Solar additionally revealed that his WLFI token allocation has been frozen. His pockets was blacklisted after blockchain trackers flagged a $9 million transaction, triggering accusations that he had began promoting.
In a submit on X, Solar referred to as the freeze “unreasonable” and urged World Liberty Monetary to unlock his tokens. He mentioned the choice went in opposition to the core values of blockchain and referred to as tokens “sacred and inviolable.”
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