SUN WOO MORNING CLAIMS THAT THE WLFI SUIT CONCERNS THE PRINCIPLE OF CHAIN OWNERSHIP

On 22 August, Sun Woo, the founder of the Wave, wrote that his lawsuit against World Liberty Financial appeared to be a commercial dispute involving $45 million and 4 billion coins, but in substance related to the principle of the establishment of block chains. He pointed out that the industry was based on “your key, your currency”, i.e. everyone could really own their assets without a permit. According to Sun, the case exposed the right of the other party to be secretly embedded in the contract to freeze the user ' s assets at will, without disclosure, without governance and without procedures, and to use it for several days with its currency unlocked. In his view, that would be contrary to the name of “freedom”, and if the issuer could seize the holder's assets at any time, the block chain would be no different from the old world. He will proceed to the end of the proceedings, not only to recover assets, but also to establish a precedent in the Tribunal that “your assets must really belong to you”。