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Trump’s World Liberty Financial countersues crypto billionaire Justin Sun for defamation in response to allegations of fraud | Fortune

2 articles / 2 outlets / spread 0.00

Trump’s World Liberty Financial countersues crypto billionaire Justin Sun for defamation in response to allegations of fraud | Fortune
cryptocurrency2 hr ago

Trump’s World Liberty Financial countersues crypto billionaire Justin Sun for defamation in response to allegations of fraud | Fortune

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2 articles2 outletsSpread 0.0012 claims
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  • Fortune·May 4

    Trump’s World Liberty Financial countersues crypto billionaire Justin Sun for defamation in response to allegations of fraud | Fortune

    One of the Trump family’s biggest early crypto backers is now a foe. In response to claims of fraud by billionaire Justin Sun, the Trump-backed crypto firm World Liberty Financial filed a countersuit for defamation on Monday in Florida State court, claiming its former ally engaged in “a scorched-earth pressure campaign” against the crypto project as Sun pushed World Liberty Financial to release hundreds of millions of cryptocurrency he owned. Sun is a crypto entrepreneur reportedly worth around $11 billion, and he’s funneled nearly $200 million into the Trump family’s digital assets projects. That includes the $75 million Sun spent on a cryptocurrency issued by World Liberty Financial and another $100 million on acquiring a store of President Donald Trump’s $TRUMP memecoin. The crypto mogul also attended a dinner Trump spoke at that was exclusively for top memecoin holders. But Sun’s love affair with the Trumps turned into a bitter breakup in September after World Liberty Financial froze Sun’s tokens, preventing him from selling his tranche, which is now worth around $240 million at current market prices. The new lawsuit from World Liberty Financial claims Sun violated contractual obligations by buying tokens on behalf of other investors as well as

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CBS NewsFortune

First seen

May 4, 2026

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May 4, 2026

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  • CBS News·May 4

    Trump family's World Liberty Financial sues crypto billionaire Justin Sun for defamation

    By May 4, 2026 / 10:17 AM EDT / CBS News Add CBS News on Google World Liberty Financial, a cryptocurrency venture co-founded by President Donald Trump and his sons, on Monday sued Justin Sun for defamation, alleging that the crypto billionaire engaged in a "public smear campaign" to attack the business. The lawsuit, filed in the Eleventh Judicial Circuit Court for Miami-Dade County, Florida, seeks unspecified damages and a public retraction of statements Sun made on social media about World Liberty Financial. The allegations mark an escalation in the conflict between World Liberty Financial and Sun, a major investor. In April, Sun sued the startup for fraud, claiming he was illegally blocked from selling digital tokens worth up to $1 billion. "Scorched earth"In its lawsuit, World Liberty Financial alleges that Sun bet against the company's crypto tokens, which trade under the $WLFI ticker, and made so-called straw purchases by using third parties to purchase tokens to conceal his identity. The company also said it froze tokens owned by one of Sun's companies to "protect World Liberty and the broader community of $WLFI holders.""Nevertheless, rather than work constructively with World Liberty to address the misconduct, Sun embarked on a scorched

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