Billionaire sues digital currency venture co-founded by Trump and sons for illegal account freezing
Summary
Justin Sun, a billionaire crypto entrepreneur, sued World Liberty Financial, a digital currency company co-founded by President Donald Trump and his sons. Sun claims the company illegally froze his tokens and threatened to delete them, preventing him from selling or using his holdings.Key Facts
- Justin Sun is the largest investor in World Liberty Financial (WLFI) with about 4 billion tokens worth around $320 million.
- Sun alleges the company secretly added tools in September 2025 to stop him from selling his tokens.
- World Liberty threatened to "burn" (destroy) Sun’s token holdings while they were still in his digital wallet.
- Sun was named an adviser to World Liberty and received additional tokens for that role, though the company disputes his advisory status.
- World Liberty’s bylaws direct 75% of revenue from token sales to President Trump and his family.
- The WLFI tokens do not represent company ownership and do not pay dividends but allow limited voting rights.
- The company has faced criticism from investors for lack of transparency and central control.
- A new company proposal would block early investors from trading 17 billion tokens until 2030, but Sun opposes this and can’t vote because his tokens are frozen.
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