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    Polygon Developer Alleges Token Theft by Trump-Associated WLFI

    wsjcryptoBy Nessun commento3 Mins Read

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    A cryptocurrency developer has accused World Liberty Financial (WLFI), a crypto initiative connected to US President Donald Trump, of misappropriating his funds by not unlocking his tokens.

    In a Saturday update on X, Polygon DevRel Bruno Skvorc shared an email from WLFI’s compliance department, which marked his wallet address as “high risk” due to blockchain exposure. The department stated that his tokens would remain unreleased.

    “The summary is, they misappropriated my funds,” Skvorc wrote. “And since it’s the @POTUS [The president of the United States] family, I can’t take any action. This is the modern-day mafia. There’s no one to file a complaint with, no one to contend with, no one to sue.”

    In reply to another user, Skvorc asserted that he is among six investors who were subjected to 100% token lockup from the outset. “It wasn’t ‘high risk’ to receive funds from this address, but it is high risk to unlock owed funds into it,” he stated.

    Bruno alleges WLFI misappropriated his funds. Source: Bruno Skvorc

    Related: Whales lose millions on Trump-associated WLFI’s 40% decline, despite 47M burn

    Are compliance tools to blame?

    The incident ignited criticism regarding the compliance tools employed by projects like WLFI. Onchain investigator ZachXBT weighed in, clarifying that automated tools frequently label addresses as “high risk” for trivial or erroneous reasons, including interactions with DeFi contracts or exchanges.

    “I assisted a team in manually reviewing addresses for a presale because popular compliance tools marked them high risk due to unrelated activity several hops away,” ZachXBT noted. “These tools are profoundly flawed.”

    In Skvorc’s instance, the flags were linked to a past transaction involving crypto blender Tornado Cash, indirect associations with sanctioned organizations like Garantex and Netex24, along with a previous connection to a now-blacklisted dashboard.

    Operating out of Croatia, Skvorc is a blockchain developer who contributed to Ethereum 2.0. He is also the founder of RMRK, a company that integrates multi-resource NFTs into gaming metaverses.

    Related: Crypto whales purchase $456M Ether in ‘natural rotation’ from Bitcoin

    Justin Sun’s WLFI tokens locked

    On Friday, Tron founder Justin Sun also disclosed that his WLFI token allocation has been locked. His wallet was blacklisted after blockchain trackers identified a $9 million transaction, leading to allegations that he had commenced selling.