Justin Sun Files Lawsuit Against Trump-Linked World Liberty Financial Over Frozen Tokens
Tron's Justin Sun sues Trump-linked World Liberty Financial over frozen assets
Coindesk
Image: Coindesk
Justin Sun, the creator of the Tron blockchain, has filed a lawsuit against World Liberty Financial, a cryptocurrency project associated with the Trump family. Sun alleges that the company unlawfully froze his $WLFI tokens and made fraudulent misrepresentations regarding their value and rights, following a $45 million investment in 2024.
- 01Justin Sun claims World Liberty Financial unlawfully froze his $WLFI tokens.
- 02The lawsuit alleges fraudulent misrepresentations regarding token rights.
- 03Sun invested $45 million in World Liberty based on its ties to the Trump family.
- 04World Liberty allegedly threatened Sun and centralized control over tokens.
- 05Sun seeks equal treatment as other early investors in the project.
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Justin Sun, the creator of the Tron blockchain, has initiated legal action against World Liberty Financial, a cryptocurrency firm backed by members of former U.S. President Donald Trump's family. The lawsuit, filed on Tuesday, accuses World Liberty of unlawfully freezing Sun's $WLFI tokens and making fraudulent claims regarding their value and associated rights. Sun invested $45 million in 2024 based on the project's association with the Trump family and its promises to promote decentralized finance. However, tensions escalated when World Liberty demanded further investments and changes to its stablecoin, leading to alleged threats against Sun. The lawsuit claims that World Liberty centralized control over the tokens and modified the smart contract to enable the freezing of tokens without proper governance. Sun's legal team has highlighted that parts of the lawsuit are redacted due to confidentiality provisions. In a statement, Sun expressed his desire for fair treatment compared to other early investors. A spokesperson for World Liberty Financial declined to comment on the lawsuit.
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