Event Overview:

About 11:00 on September 4, a user from Binance Square first posted "Sun Wuchan dares to cut even the Trump family!", which sparked heated discussions in the community, but did not receive any forwarding or verification from relevant big V;
Shortly after 2:00 PM, an image titled "WLFI Sun Wuchan's impressive operation" spread rapidly on Twitter, roughly stating that Sun Wuchan's WLFI 20% high-interest finance was using user funds to manipulate the market on Binance; the specific content is as follows

The data chart of transferring HTX to Binance blockchain is as follows, but it has not been directly confirmed as Sun Wuchan's operation;

As the community continued to discuss further, Sun Wuchan responded on Twitter around 5:00 PM, explaining that the high-interest finance of WLFI was a normal activity for attracting users, and the high interest was subsidized by the group, and he stated, "Now the group earns tens of billions of dollars a year, will no one doubt that we can't afford the subsidy?"

However, some users stated that the WLFI deposited could not be withdrawn within half an hour or an hour, and no response has been received so far.

At around 19:30 in the evening, media reported that according to Onchain Lens monitoring, Justin Sun transferred 50 million WLFI (approximately $91.2 million) to a newly created wallet, possibly to HTX. Sun Wuchan's transfer of WLFI pushed the event to its climax, because previously Sun Wuchan had promised not to sell WLFI and emphasized his long-term support for WLFI;

Subsequently, around 1:00 AM, World Liberty officially added Justin Sun's address to the blacklist, locked 540 million unlocked tokens and 2.4 billion locked tokens, and stated that they believe a certain exchange has been using user tokens for selling, thus depressing the price.

This official action of WLFI also perfectly illustrates the high level of centralization of WLFI. Sun Wuchan's statement was just a deposit test;

Market Views

Positive Views:

Some people think that Sun Wuchan is a scapegoat, and with his wealth, it's not worth doing this, considering only a few million dollars; in addition, WLFI has hundreds of billions of USD in circulation, and the selling pressure is already too large.

@dnfpkwang888 said

1. Sun Ge is indeed a major investor in WLFI. But the problem is, he invested tens of millions of dollars in projects and also paid money for high-interest finance subsidies for the platform. The ultimate goal is to crash the market with a few million dollars in chips, locking up 80% of the large market? This logic doesn't make sense.

2. The volatility of WLFI itself is a normal phenomenon. Early public sale investors have made 10-20 times returns, so someone must cash out, and market selling pressure is inevitable. Brother, you should look at the market cap. This has nothing to do with "Sun Ge manipulating the market."

Master of the Australian soil said the transfer address might be a large HTX address

Negative Views:

Proletarian monk,

@xiaoheshang2025 "ok, all tokens of Sun Wuchan's system are delisted,"

Xu Mingxing has taken actual actions to cut off from Sun Wuchan,

which indicates that Sun Wuchan has indeed done many underhand things,

many things may not find direct evidence, but everyone knows it was him who did it."

@Ed_x0101 Block Diary: Sun Ge will never disappoint you, exchanges that embezzle user funds are not used by anyone.

@qingtianbtc Trader Qingtian: Uphold a principle, don't play Sun Ge's projects. If a project has Sun Ge cutting in, it's time to run.

Due to the sharp drop in WLFI, most users who participated in WLFI recently suffered heavy losses. Sun Wuchan's Twitter was almost full of criticism, and it was considered another round of "cutting the grass" operation by Sun Wuchan. Ordinary user views:

Controversial Points of the Event:

1. Whether the HTX platform has misused user funds, and the slow withdrawal of user funds, the official has not responded
2. Sun Wuchan's address indeed transferred WLFI, whether there is a reasonable explanation for the real purpose

Continuously follow the development of the event, and how the Trump family and Sun Wuchan perform subsequently

Author: Aaron, ChainThink