Justin Sun, advisor and major investor in World Liberty Financial (WLFI), accounts for nearly 99.9% of the tokens on the project's blacklist, which includes only four addresses. His wallet, labeled 'TRON DAO,' was blacklisted after he transferred tokens to exchanges, raising questions about governance and decentralization. The blacklist was an exceptional measure, as it was used to isolate Sun's holdings, which remain blocked on Etherscan, signaling no signs of restrictions being lifted. WLFI, a deflationary token trading at around $0.2 with a market cap of $5.4 billion, has recently been listed on Gemini and is now being added to Robinhood's US platform. Robinhood's listing aims to bridge traditional finance and DeFi, with plans for a debit card supported by the USD1 stablecoin. Despite its growth, WLFI's price has declined approximately 37% since launch. The episode highlights the fragile governance in projects where political, financial, and technological interests converge, especially when high-profile figures like Sun are involved. The use of a centralized blacklist to restrict Sun's tokens raises concerns about the balance of power within WLFI, which is associated with Donald Trump’s circle and relies on influential advisors. This situation exposes underlying governance issues and the influence of large capital in decentralized projects, questioning the true decentralization of WLFI. Meanwhile, Sun's involvement and the project's ties to prominent crypto assets like TRON and WBTC continue to attract scrutiny.