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Tron Founder Justin Sun Sues Trump-Linked World Liberty Financial Over Frozen WLFI Tokens

Tron Founder Justin Sun Sues Trump-Linked World Liberty Financial Over Frozen WLFI Tokens

| JUAN MENDE |
Lawsuit filed: Tron founder Justin Sun initiated the case in California federal court on April 21, 2026, citing breach of contract, fraud, conversion and unjust enrichment. Frozen assets: Sun’s wallet holding 540 million unlocked WLFI tokens and 2.4 billion locked tokens, valued at approximately $75 million, was blacklisted via an undisclosed smart-contract function added in August 2025. Allegations: World Liberty Financial allegedly…
Bitcoin’s 30-day realized volatility fell to 42%, slipping below South Korea’s Kospi index (51%) and Pakistan’s KSE 100 (51%). The divergence stems from geopolitical energy shocks impacting oil-dependent Asi…
Emergency freeze: Arbitrum Security Council transferred 30,766 ETH (~$70 million) from the exploiter’s wallet on Arbitrum One to a protocol-controlled address (0x…0DA0) before the native bridge withdrawa…
LayerZero clarified that the $290 million exploit of Kelp DAO’s rsETH bridge resulted from external security configurations rather than a flaw in the LayerZero protocol. The attack is being attributed to the N…

April 20, 2026
Cycle comparison: The post-April 2024 halving cycle is “dramatically” weaker than the 2012, 2016 and 2020 cycles, according to Galaxy head of research Alex Thorn. Price gains: Bitcoin’s 2025 peak above $125,000 was only 97% above the April 2024 halving price near $63,000, versus 9,294% in 2012, 2,950% in 2016 and 761% in 2020. Volatility decline: The 30-day Bitcoin Volatility Index now sits at 1.75%, well below the 9.64% peak seen in…

April 20, 2026
RAVE token prices plummeted nearly 90% in a 24-hour window, erasing approximately $5.7 billion in market capitalization following a record-breaking rally. On-chain investigator ZachXBT alleged that 90% of the token supply is controlled by team-linked wallets, claiming coordinated transfers to exchanges triggered a massive short squeeze. Binance and Bitget have initiated internal investigations into the trading activity after liquidations reach…

April 19, 2026
An attacker drained 116,500 rsETH ($292 million) from the Kelp DAO LayerZero bridge, using the unbacked tokens as collateral to borrow WETH on Aave. Aave is currently grappling with approximately $280 million in bad debt as the fraudulent rsETH collateral is effectively worthless and unliquidatable. The protocol’s ETH pool utilization reached 100%, temporarily preventing further withdrawals and sparking over $5.4 billion in total outflows. T…

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