Trump family crypto firm sues billionaire investor Justin Sun for defamation
World Liberty Financial, a cryptocurrency company associated with the Trump family, is suing billionaire investor Justin Sun for defamation after he accused the firm of improperly freezing his tokens. The company alleges that Sun engaged in a 'campaign of defamatory statements' on social media, causing harm to its governance integrity and business relationships.
World Liberty Financial, the Trump family's cryptocurrency company, has sued billionaire investor Justin Sun for defamation. The lawsuit, filed on Monday, alleges that Sun engaged in a 'campaign of defamatory statements' on the social platform X after his tokens were frozen by the company. Sun, who founded the crypto company TRON and was an early investor in World Liberty Financial, had accused the firm of improperly freezing his tokens. World Liberty Financial claims it exercised 'authority that was clearly and repeatedly disclosed to Sun' when freezing his tokens, and alleges that Sun engaged in misconduct, including 'suspected short selling' and 'straw purchases' of tokens. The company also accused Sun of 'hiring influencers and deploying fake social-media 'bot' accounts to amplify his lies.' Sun dismissed the lawsuit as 'nothing more than a meritless PR stunt' and vowed to defeat the case in court.
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