World Liberty Financial Sues Justin Sun Over Smear Campaign
World Liberty Financial sued justin sun on Monday in Miami-Dade County, Florida, accusing the crypto billionaire of a public smear campaign and seeking unspecified damages plus a retraction of his social-media statements. The case turns a months-long fight between a Trump family-backed venture and one of its biggest backers into a court battle.
Sun called the lawsuit “a meritless PR stunt.” He added on X, “I stand by my actions and look forward to defeating the case in court.”
Miami-Dade filing against Sun
The complaint was filed in the Eleventh Judicial Circuit Court for Miami-Dade County, Florida, and alleges that Sun spread false claims about the company online, including that World Liberty Financial treats the crypto community as a personal ATM and has improper governance practices. The company also said Sun used online influencers and fake social-media bot accounts to amplify those claims.
World Liberty Financial alleged that the posts were viewed millions of times and drew widespread media coverage. That gives the suit a wider reach than a private investor dispute: the company is asking a Florida court to force a public retraction of statements that were already circulating widely.
WLFI token fight escalates
The lawsuit also says Sun bet against the company’s crypto tokens traded under the $WLFI ticker and used third parties to make straw purchases to conceal his identity. World Liberty Financial said it froze tokens owned by one of Sun’s companies to protect the company and the broader community of $WLFI holders.
World Liberty Financial debuted in 2024 and was founded by Donald Trump Jr., Eric Trump, Zachary Folkman and Chase Herro. The company’s tokens have lost about 81% of their value over the past year and were trading at about 6 cents, a sharp drop that sits behind the stakes in the dispute.
April fraud suit by Sun
In April, Sun sued World Liberty Financial for fraud, saying he was illegally blocked from selling digital tokens worth up to $1 billion. That filing now sits on the other side of Monday’s case, with each side accusing the other of using the courts after the relationship broke down.
Sun founded Tron in 2017 and his net wealth was listed at nearly $12 billion by the Billionaires Index. In 2024, he also bought a conceptual artwork consisting of a banana duct-taped to a wall for $6.2 million, a detail that keeps him in the public eye as the legal fight over $WLFI moves into Miami-Dade County.
