Trump-backed $4 billion USD1 stablecoin has wallet powers its own GitHub does not show

Justin Sun escalated his public fight with Donald Trump-backed World Liberty Financial on Friday, accusing its USD1 stablecoin of carrying administrative powers that allow privileged operators to move funds from frozen wallets without holder consent.

On Aug. 21, the Tron founder alleged that World Liberty’s published source code does not match the contract currently running on-chain, arguing that the discrepancy amounts to evidence of deceptive deployment and comparing it with techniques used in rug pulls.

Sun said the live USD1 implementation can drain or reallocate balances after an address has been frozen, meaning cold storage or multisignature custody would not prevent intervention at the token-contract level. He also claimed similar privileged functions were added to the WLFI token after the fact.

According to him:

“USD1's highest-level permissions allow the issuer to move USD1 out of YOUR account into its own wallet — or anyone else's — without your consent. Cold wallet? Multisig? Doesn't matter. The authority operates at the token contract level. Nothing you do can stop it.”

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