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World Liberty Financial co-founder Donald Trump Jr. and co-founder and CEO Zach Witkoff pushed backmost connected caller online rumors arsenic the crypto steadfast battles Justin Sun successful court.
May 7, 2026, 6:04 p.m. 2 min read
MIAMI BEACH, Fl. — Donald Trump Jr. denied online rumors that WLFI$0.07431, the crypto level tied to the Trump family, is unraveling amid a increasing ineligible conflict with Tron laminitis Justin Sun.
Speaking astatine Consensus successful Miami connected Thursday, Trump Jr. and WLFI co-founder and CEO Zach Witkoff pushed backmost against speculation circulating connected societal media astir the company’s leadership, reserves and concern operations.
“Just due to the fact that they accidental it doesn’t mean it’s true,” Trump Jr. said astir reports successful the media. “Narratives get created. They’re driven, and they’re bot-farm based.”
The comments came days aft World Liberty filed a defamation suit against Sun successful Florida authorities court. The suit alleges Sun engaged successful “gross misconduct” tied to WLFI token purchases and utilized influencers and bots to dispersed mendacious claims astir the company.
Sun had antecedently sued WLFI successful California national court, claiming the institution unfairly froze his WLFI tokens.
At the Miami event, Witkoff addressed rumors that Trump household members had distanced themselves from the task aft WLFI removed a squad leafage from its website.
“I deliberation I saw connected Twitter astatine 1 constituent that, you know, Don and Eric had abandoned the project,” Witkoff said. Trump Jr. dismissed the speculation.
“It was quality for maine too,” helium said. “They changed the website plan for a fewer minutes and, ohio my God, they’re bailing connected it.”
The executives besides defended the company’s stablecoin, USD1, against disapproval online. Witkoff said the token has “real-time impervious of reserves” done a concern with Chainlink LINK$9.9274 and claimed users tin verify reserves straight onchain.
Trump Jr. accused critics and immoderate media outlets of intentionally spreading misleading narratives astir WLFI.
Witkoff besides defended the suit against Sun, saying the institution would not person filed the lawsuit without evidence.
“We wouldn’t person filed that suit if we didn’t person the receipts,” helium said.
The Florida suit seeks damages and retractions from Sun implicit statements WLFI claims harmed the institution and its concern opportunities.
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