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Cryptocurrency billionaire Justin Sun is suing World Liberty Financial, a crypto task co-founded by President Donald Trump and his sons, alleging the institution illegally blocked him from selling integer tokens worthy up to $1 billion.
The lawsuit, filed connected Tuesday successful California national court, besides accuses World Liberty Financial of trying to unit Sun into investing "hundreds of millions of dollars to mint USD1, World Liberty's stablecoin." The ailment alleges that the institution froze his World Liberty Financial tokens aft Sun refused to perpetrate much wealth to the business.
In a societal media post on his rationale for the lawsuit, Sun said helium remains a protagonist of Mr. Trump and blamed "certain individuals" for the alleged issues.
"They wrongfully froze each of my tokens, stripped maine of my close to ballot connected governance proposals, and person threatened to permanently destruct my tokens by 'burning' them — each without immoderate due justification," helium wrote. "I bash not judge President Trump would condone these actions if helium knew astir them."
World Liberty Financial CEO Zach Witkoff dismissed Sun's allegations arsenic "entirely meritless."
"Justin Sun's caller suit against [World Liberty Financial] is simply a hopeless effort to deflect attraction from Sun's ain misconduct," Witkoff wrote connected societal media connected Wednesday. "He engaged successful misconduct that required World Liberty to instrumentality enactment to support itself and its users. World Liberty volition proceed to instrumentality each indispensable steps to support its community."
Edited by Alain Sherter
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