Blockchain billionaire Sun takes Trump family’s crypto firm to court
Summary
Crypto entrepreneur Justin Sun has sued World Liberty Financial, a digital currency company cofounded by President Donald Trump and his sons. Sun alleges that the company illegally froze his large holdings of its tokens and threatened to delete them permanently.Key Facts
- Justin Sun is the founder of the Tron cryptocurrency and a Hong Kong-based investor.
- Sun bought about 4 billion WLFI tokens from World Liberty Financial, worth around $320 million.
- World Liberty allegedly froze Sun’s tokens and installed software to stop him from selling them.
- Sun claims World Liberty threatened to "burn" (delete) his tokens even while they were in his digital wallet.
- World Liberty Financial is a crypto firm cofounded by President Donald Trump and his sons.
- The company has earned over $1 billion, with 75% of token sale revenue going to the Trump family.
- Sun was named an adviser to World Liberty but the company denies he ever had an operational role.
- The lawsuit follows months of investor complaints about World Liberty’s transparency and management.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.