Billionaire Justin Sun, a prominent figure in the cryptocurrency industry and founder of the Tron cryptocurrency, has filed a lawsuit against World Liberty Financial, a digital currency venture co-founded by Donald Trump and his sons. The lawsuit, submitted in a federal court in California, accuses World Liberty of illegally freezing his holdings of WLFI tokens, which he purchased for $45 million. Sun claims that the company installed covert mechanisms to block the sale of his tokens after they became tradeable in September 2025. Additionally, he alleges that World Liberty threatened to 'burn' his tokens while they remained in his digital wallet.

Sun, who describes himself as one of World Liberty’s anchor investors, holds approximately 4 billion WLFI tokens, valued at around $320 million. The company has faced mounting criticism from investors regarding its governance and transparency, with complaints about its centralized structure and lack of responsiveness to community concerns. World Liberty's bylaws dictate that 75% of revenues from WLFI token sales go to the Trump family, raising further scrutiny over its operations.

The lawsuit marks a significant deterioration in Sun's relationship with World Liberty, which has been exacerbated by allegations of a 'backdoor blacklisting function' in the company's blockchain contracts, giving it unilateral power over token holders' rights. Sun has expressed his opposition to recent governance proposals that would restrict trading for early investors until 2030, claiming he cannot vote on these measures due to the freezing of his tokens. The situation continues to unfold as World Liberty prepares to respond in court.