World Liberty Financial ，WLFI， Sun Yuchen, Federal Court of San Francisco, Democratic Congressman, Alt5 Sigma zeroed out, billions of dollars lost in mystery, comparable to the epic drama of the American TV series "Billionaires" Simplify the complexity and organize the key 12 threads 1/World Liberty Financial will be launched in 2024. As Democratic lawmakers and others continue to criticize the various "leek harvesting" practices of this project, the Trump family has begun to cut and isolate itself from the project 2/The WLFI coin price has dropped by about 85%, but after raising over $550 million in two rounds of financing, World Liberty Financial has sold an additional 5.9 billion WLFI tokens to private investors, with a trading volume that could reach hundreds of millions of dollars. The project party acknowledges the existence of such private transactions, but refuses to disclose who the buyer is or specify where the funds ultimately flow About 80% of early investors' positions are still locked in. Early buyers were only allowed to sell 20% of their holdings, and the remaining portion could not be withdrawn, and the project team had not previously provided a clear unlocking schedule 4/According to project disclosure, there are controlling entities that are above the entire system and have the right to take 75% of the WLFI token sales revenue after deducting agreed reserves and fees In mid May/April, they used their own tokens as collateral and borrowed $75 million. The co-founder of the lending platform is their own CTO. This operation pushed the loan pool occupancy rate to 93%, and ordinary investors found that they couldn't withdraw their money after depositing it Later, they said they had already repaid $25 million, but on the same day, they immediately issued $25 million in new funds without explaining the reason. External doubts suggest that this structure may allow insiders to bypass the lengthy unlocking period and convert tokens into cash in advance Justin Sun is their largest primary investor, investing $75 million. He publicly stated that World Liberty has secretly set up a hidden switch that can freeze any investor's wallet without warning or appeal channels Justin Sun's own wallet has also been frozen since September. He subsequently sued World Liberty Financial in San Francisco Federal Court, accusing it of extortion and illegal seizure of tokens. The project co-founder denied the allegations, but after all, this is a blockchain with open and transparent information. Currently, Sun Yuchen's statements about these tokens being locked are all true 9/New governance plan now in front of investors: Both founders and early buyers cannot sell coins for at least two years, and then gradually unlock them over multiple years. Investors who do not accept the new terms may have their tokens locked indefinitely. About 45.2 billion tokens from founders, teams, advisors, partners, etc. will be unlocked through a two-year clip and a three-year linear unlock, and 10% will be destroyed after opt in 10/Ordinary investors are locked up and passively bear the sharp drop in coin prices, while project parties can turn paper tokens into cash through private sales, related entity sharing, collateral lending, and other methods. The core issues of the entire structure are information opacity, unequal exits, and excessive internal personnel permissions 11/This pressure has already spilled over to the relevant listed company Alt5 Sigma. It raised $1.5 billion in August 2025 to hoard WLFI, but now its stock price has fallen by about 90% from its post transition high. In the document, it stated that it may redeem or liquidate some of its token holdings for operational, debt repayment, or strategic purposes So this collapse is not just about a 85% drop in coin prices, but also a closed-loop harvesting of a whole set of on chain financing games: attracting funds with political brands, locking in retail investors with governance rules, releasing internal liquidity through private trading, and finally making public market investors bear all the costs of the decline, lock-in, and information black box The core vision of the United States for the judiciary is roughly as follows: Using independent courts to embed power in the law, and using fair procedures to enable individuals to confront the state, capital, the majority, and the government itself How will the San Francisco federal court judge this time, including who has received such a large amount of real money and silver in this matter? It is also a big drama comparable to the American TV series' Billions'