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Trump Family's World Liberty Financial Sues Crypto Billionaire Justin Sun for Defamation
The company alleges Sun used social media and bot accounts to spread false claims after a token freeze, seeking damages and a public retraction.
- On Monday, World Liberty Financial sued Justin Sun for defamation in Florida's Eleventh Judicial Circuit Court, alleging the crypto billionaire engaged in a "public smear campaign" against the business.
- Tensions escalated after World Liberty froze Sun's tokens in September, preventing him from selling his tranche; Sun sued the startup for fraud in April, claiming he was illegally blocked from liquidating his investment.
- The lawsuit alleges Sun orchestrated a deliberate "short-selling campaign" to suppress $WLFI prices at launch and utilized straw purchases to conceal his identity while moving $300 million to Binance.
- Dismissing the lawsuit as a "meritless PR stunt," Sun vowed to defeat the case in court, while World Liberty maintains it froze the tokens to "protect World Liberty and the broader community of $WLFI holders."
- Launched in October 2024, World Liberty Financial is a key project in the Trump family's crypto empire, generating more than $1 billion in on-paper wealth, though critics continue to allege the venture creates unprecedented conflicts of interest.
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41 Articles
41 Articles
Trump-Linked World Liberty Sues Justin Sun for Defamation
World Liberty Financial said it is suing Justin Sun for defamation, accusing the billionaire crypto entrepreneur of running a coordinated media campaign against the Trump-linked project after he filed his own lawsuit against it last month.
·United States
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Trump family's crypto project sues billionaire backer Justin Sun
World Liberty Financial, the crypto venture co-founded by U.S. President Donald Trump and his sons, said on Monday it had filed a defamation lawsuit against Hong Kong-based crypto entrepreneur Justin Sun, in the latest escalation of a dispute between the project and one of its most prominent backers.
·United Kingdom
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World Liberty Financial sues its loudest critic.
·United States
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Coverage Details
Total News Sources41
Leaning Left2Leaning Right2Center13Last UpdatedBias Distribution76% Center
Bias Distribution
- 76% of the sources are Center
76% Center
12%
C 76%
12%
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