Justin Sun accuses World Liberty Financial of deploying hidden administrative functions in the live contract of its USD1 stablecoin, allowing privileged operators to drain or reallocate frozen balances without holder consent. The source code published on GitHub omits these drain and reallocate functions present in the active on-chain contract. This discrepancy comes as World Liberty awaits final OCC approval for a national trust bank that would oversee USD1 issuance and reserve management. USD1 supply has fallen by more than $1.3 billion from a February peak above $5.3 billion to $4 billion. Sun, who invested $45 million in WLFI before the relationship deteriorated, has filed legal action against World Liberty, but available evidence does not establish fraud or unauthorized movement of funds.
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