2 hours ago
World Liberty alleged that Sun engaged successful short-selling, straw purchases and defamation.
May 4, 2026, 1:25 p.m. 2 min read
World Liberty Financial, the cryptocurrency institution affiliated with U.S. President Donald Trump and his family, filed a defamation suit against Tron creator Justin Sun successful a Florida authorities tribunal Monday, alleging "gross misconduct" from Sun implicit WLFI tokens helium bought.
The suit comes connected the heels of Sun's ain suit against World Liberty, which was filed successful a national California court, alleging World Liberty had unfairly frozen his quality to transportation his WLFI tokens. In Monday's suit, World Liberty alleged that Sun-related entities bought WLFI tokens for different investors done straw purchases and whitethorn person "engaged successful abbreviated selling" of the token.
World Liberty froze Sun's WLFI tokens "to protect" itself "and the broader assemblage arsenic a result, the suit said, adding that Sun's tweets complaining astir his tokens being frozen incorporate mendacious oregon defamatory information.
Sun allegedly hired influencers and utilized bots to "amplify his lies," World Liberty claimed, and arsenic a effect the institution said it had "lost circumstantial concern opportunities."
Many portions of the suit were redacted, including portions describing Sun's acquisition of the tokens and sections astir his alleged misconduct.
This alleged misconduct includes what World Liberty describes arsenic "a large, deliberate, short-selling run designed to suppress $WLFI's terms astatine the infinitesimal of its nationalist launch," which the suit tied to Sun-affiliated wallets moving $300 cardinal to Binance.
"Upon discovering these violations, World Liberty exercised its contractual rights to frost Sun's entities' tokens to forestall further harm to World Liberty and the broader $WLFI community, an quality that Sun knew astir good earlier this enactment was taken," the suit said.
One contented Sun knew astir anterior to his tweets was that World Liberty had the quality to frost tokens, the suit said passim the filing.
"Not lone was Sun alert of the agreements' terms, but Sun besides knew done his idiosyncratic acquisition that the defamatory statements were mendacious due to the fact that helium (and the public) knew that World Liberty had the powerfulness to restrict the transferability of tokens," the suit said.
The suit alleged defamation and calls for damages, expenses and retraction of Sun's statements.
English (US) 