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Trump family crypto firm sues billionaire investor Justin Sun for defamation

Trump family crypto firm sues billionaire investor Justin Sun for defamation

Also reported by ABC News

Summary

World Liberty Financial, a cryptocurrency company linked to the Trump family, has filed a lawsuit against billionaire investor Justin Sun for defamation. The company claims Sun made false statements online, accusing them of wrongly freezing his crypto tokens.

Key Facts

  • World Liberty Financial is connected to the Trump family.
  • The company operates in the cryptocurrency market.
  • They filed a defamation lawsuit against Justin Sun.
  • The lawsuit was submitted on Monday.
  • Justin Sun accused the company of improperly freezing his tokens.
  • The accusations were made on the social platform X (formerly Twitter).
  • World Liberty Financial calls these accusations defamatory, meaning false and damaging to their reputation.
  • The company is based in Florida.
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