Overview
- Justin Sun filed a 52-page federal complaint in the Northern District of California accusing World Liberty Financial of fraud and warning the project is near collapse.
- Sun says he invested $45 million in WLFI, a token the company sold to him and that he says has at times been valued at over $1 billion.
- The suit alleges WLF froze his WLFI holdings, threatened to burn his tokens, misled him about compliance with the law, tried to extort him, and defamed him.
- Sun asks the court to order WLF to unfreeze his tokens, award monetary damages, impose injunctions that block any seizure or destruction of his assets, and grant a jury trial.
- Company materials list Donald Trump Jr., Eric Trump, and Zach Witkoff in leadership roles, with President Trump promoted as “chief crypto advocate,” and the firm previously drew emoluments-clause concerns over a $2 billion MGX transaction.