World Liberty Financial is improving TradFi

World Liberty Financial, a DeFi protocol managed by WLFI token holders, blacklisted 272 accounts last weekend, including the freezing of a large number of WLFI tokens held by Justin Sun because of reports that he shorted the token. The multi-signature control of the protocol enables it to bypass the governance of token holders, which is contrary to its mission of decentralized finance. Justin Sun denied short selling allegations and said the freezing measures were unreasonable, highlighting the risk of centralization even in the DeFi system.