Controversy has arisen over claims that World Liberty Financial (WLFI), a cryptocurrency project linked to US President Trump, has effectively stolen investors' assets by freezing them without permission.
Bruno Skvorc, a developer for Polygon (MATIC), revealed on X (formerly Twitter) on the 22nd that his cryptocurrency wallet had been classified as a "high-risk address" by the World Light Finance Initiative (WLFI) and that his token withdrawals had been denied. According to an email he shared from the WLFI compliance team, his wallet address had been designated as a high-risk account based on its activity on the blockchain, preventing him from unlocking his tokens.
"In short, they just stole my money," said Scortz, expressing his strong discontent. He continued, "This project involves the U.S. President's family, so there's no way to address it. This is a new form of mafia. There's no place to protest, no way to file a lawsuit."
According to his claims, a total of six investors suffered the same losses, all of whom were initially granted tokens that were fully locked. He claimed, "When I first received the investment, there was no problem with the address, but now they're refusing to distribute tokens, claiming that releasing them would be 'high risk.'"
This incident highlights the issue of transparency in projects with political connections, along with the warning that token withdrawals can be influenced by a cryptocurrency project's internal standards. WLFI is known to have direct and indirect ties to President Trump, and as such, it is not subject to institutional regulation, making legal action by victims unlikely.
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