Justin Sun’s locked World Liberty Financial (WLFI) tokens have fallen by about $60 million in paper value since September, while his wallets remain blacklisted by the project, according to on‑chain analytics from Bubblemaps.

In early September, World Liberty Financial blacklisted 272 wallets after flagging security and misconduct concerns, including one address linked by analysts to Sun.

The blacklist prevents Sun from moving his WLFI, leaving his position effectively frozen despite him denying any misappropriation and calling the freeze unreasonable.

Sun invested a total of $75 million in WLFI tokens through TRON DAO, starting with an initial $30 million purchase in late 2024. The value of his holdings peaked at over $700 million shortly after launch.