Justin Sun Alleges Trump's World Liberty Threatened to Burn His WLFI Tokens
Justin Sun has sued World Liberty Financial, alleging the Trump-backed crypto company attempted to extort him by threatening to destroy his WLFI holdings and report him to U.S. authorities unless he removed his tokens from circulation. After purchasing 4 billion WLFI tokens—later blacklisted by World Liberty—Sun claims that co-founder Chase Herro issued this ultimatum, leveraging the project leadership’s control over token supply. Sun asserts the move was a bid to force him to invest more capital into World Liberty. Portions of the lawsuit allegation remain redacted. Sun’s $45 million investment remains frozen, with his holdings currently valued at roughly $318 million. He is also accused by World Liberty of driving down WLFI’s price and improper trading, claims he denies, arguing the company sought to inflate WLFI’s value by blocking large sales. Sun also alleges World Liberty was upset over his purchase of Trump-backed meme coins, despite this being pre-approved by a Trump family member. Both sides have traded public accusations, with World Liberty dismissing Sun’s claims and vowing to fight the lawsuit.
