Justin Sun (TRX) has sued World Liberty Financial, accusing the Donald Trump family venture of freezing roughly 4 billion WLFI (WLFI) tokens.
Tron Founder's Federal Complaint
The lawsuit landed in a California federal court on Tuesday, according to filings reviewed by CBS News.
Sun invested $45 million in 2024 and later received an additional billion tokens as an advisor, per the complaint. He says the project froze his wallet in September and stripped his governance rights without a vote.
The complaint alleges World Liberty pressured him to mint $200 million of its USD1 stablecoin on the Tron blockchain. It also claims company leadership threatened to burn his holdings outright.
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Witkoff And Eric Trump Hit Back
Zach Witkoff, the firm's chief executive and son of U.S. envoy Steve Witkoff, called the suit a desperate deflection and said the claims lack merit, per NBC News.
Eric Trump mocked the filing on X, comparing it to Sun's 2024 purchase of a $6.2 million duct-taped banana at Sotheby's.
WLFI has slid about 76% from its launch peak and now trades near 8 cents, with the token down 44% year to date. Sun's 4 billion token stash is worth roughly $320 million at current prices, though it once topped $1 billion.
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