Token Transferability Coming Soon

On Wednesday, World Liberty Financial announced via X that its team is working to make the WLFI token transferable and tradable.

“You asked to make WLFI transferable — we heard you,” the post read. “The team is working behind the scenes to make it happen. Big news coming soon.”

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WLFI grants holders the ability to vote and propose governance changes, but transfers have been restricted. The token has a total supply of 100 billion, with 25 billion sold through public sales, raising $550 million. According to ICODrops, private rounds were also conducted.

Corporate Interest and Mobile App Launch

At a New York conference, World Liberty co-founder Zak Folkman said there’s growing interest from public companies looking to integrate WLFI into their corporate treasuries. Folkman also unveiled the project’s new mobile application at the event.

USD1 Stablecoin Audit on the Horizon

In parallel, the company is planning to release the first independent audit report for its stablecoin USD1, according to Reuters. Launched in March, USD1 is backed entirely by U.S. Treasury bills, dollar deposits, and cash equivalents.

Earlier this month, World Liberty Financial distributed USD1 tokens to WLFI holders as part of an onchain airdrop test and promotional campaign.

With the Trump administration’s vocal support for stablecoin innovation and U.S. regulatory reform, World Liberty Financial seems to be positioning itself at the center of a growing DeFi and digital currency infrastructure.

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Sui Validators Approve Major Recovery Plan

After Cetus, a decentralized exchange, was exploited for over $220 million on May 22, Sui validators acted quickly to freeze $162 million in digital assets. The fate of these funds was determined through a governance vote concluded on May 29.

With 90.9% of validators voting in favor, the recovery proposal passed. The frozen assets will now be transferred to a multisignature wallet and held in trust until distributed to affected users, according to Sui’s official announcement.

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This move signals a pivotal step toward financial restitution for those impacted by the exploit.

Validator Intervention Sparks Governance Debate

The swift validator action reignited debate within the crypto world. While decentralization purists voiced concern over the ability to freeze onchain assets, others praised the move as an effective counter to escalating security threats in DeFi.

The recovery initiative extends beyond the frozen funds. It will also leverage Cetus’ own treasury and an emergency loan from the Sui Foundation to fully restore protocol operations.

Cetus Targets Full Recovery Within One Week

Cetus expressed appreciation for the rapid community support and outlined a full roadmap for protocol recovery. The first phase involves upgrading validator nodes to transfer the funds to a multisig wallet, followed by system restoration.

The team expects a full restart within one week. All liquidity providers will regain access to their assets, while remaining losses will be compensated via a dedicated smart contract currently undergoing auditor review.

Cetus emphasized that this compensation mechanism will ensure fair restitution for all affected users.

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