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World Liberty Financial, associated with Trump, has filed a lawsuit against Justin Sun., 2026/05/04 16:54:27
The cryptocurrency initiative World Liberty Financial, associated with the family of U.S. President Donald Trump, has initiated legal proceedings against Justin Sun, the founder of the Tron blockchain and a crypto billionaire.
Trump’s company asserts that Sun’s statements are damaging to the reputation of WLFI and is seeking financial restitution, along with the removal of all publications made by the crypto entrepreneur.
In its lawsuit, World Liberty Financial claims that Sun manipulated the price of the WLFI token to drive it down. According to the company, following the freezing of Sun’s WLFI tokens, he launched a campaign to discredit the project. The firm maintains that Sun’s assets were frozen due to violations of WLFI’s terms, particularly regarding transfers to Binance, potential shorting, and transactions through third parties. Furthermore, Sun was allegedly aware of World Liberty Financial’s right to freeze tokens but disputes this claim, according to the lawsuit’s authors.
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“Sun not only defamed World Liberty. He weaponized his finances by hiring influencers and employing bots to disseminate his falsehoods across social media. His actions were coordinated, funded, and intentional,” WLFI stated in the lawsuit.
Attorneys for World Liberty Financial indicated that Sun threatened to artificially crash the token’s price and demanded hundreds of millions of dollars for “ceasing negative remarks.”
The lawsuit emerged shortly after Sun himself filed a suit in California against World Liberty. In his complaint, the entrepreneur alleged that the company unjustly restricted his ability to transfer his WLFI tokens.
Sun reported the token freeze in September. He claimed that the platform froze 540 million unlocked and 2.4 billion locked WLFI tokens. The freeze occurred after Sun transferred 60 million WLFI valued at over $9 million. The platform justified its actions as security measures. In response, Sun labeled the WLFI project as fraudulent.
