Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
The founder of Tron, Justin Sun, has filed a lawsuit in a federal court in California against Donald Trump’s family crypto platform, World Liberty Financial, claiming that he was deceived, his WLFI tokens were unjustly frozen, and he was threatened with their destruction.
Justin Sun stated that he attempted to resolve the disputes amicably. However, the crypto project’s team rejected his requests to unfreeze the tokens, leaving Sun with no choice but to file a legal complaint. The entrepreneur is seeking to compel World Liberty Financial to unfreeze his WLFI tokens, provide compensation to be determined during the legal proceedings, and prohibit the platform from destroying his tokens or otherwise interfering with the management of his digital assets.
Related Posts
Sun emphasized his support for President Trump and the administration’s efforts to create a favorable regulatory environment for cryptocurrencies in the United States. However, he opposed the new proposal from the World Liberty Financial team to burn 10% of the advisor tokens. If this proposal is accepted, the tokens of WLFI holders who disagree with these terms will be locked indefinitely.
“The platform has unlawfully frozen all my WLFI, deprived me of my voting rights in the project, and threatens to permanently burn my tokens without just cause. I do not believe President Trump would approve of these actions if he were aware of them. All I want is to be treated the same as other early investors, neither better nor worse,” Sun wrote on social media platform X.
For the first time, the Tron founder invested $30 million in World Liberty Financial at the end of 2024, prior to the token’s market launch. He then established a position in WLFI worth approximately $75 million and was appointed as an advisor to the project.
In September, Sun reported that the crypto lending platform had blacklisted him, freezing 540 million unlocked tokens and 2.4 billion of Sun’s locked assets. The freeze occurred after Sun transferred 60 million native WLFI tokens valued at over $9 million. The platform explained its actions as standard security measures rather than a targeted attack on Sun.
