Justin Sun demands court sanctions over Trump-linked World Liberty Financial’s hidden UAE owners
Justin Sun asked a federal court to sanction World Liberty Financial and its lawyers, alleging they disclosed UAE-linked ownership only months into litigation over his $45 million investment. The company expanded its ownership disclosures from one entity to 22, including UAE citizenship, and argued that foreign parties on both sides affected federal court jurisdiction. Sun says the information should have been disclosed earlier and that he incurred substantial legal costs opposing arbitration. The dispute stems from Sun’s claims that World Liberty fraudulently induced his investment and froze his tokens; the company denies wrongdoing. The ownership issue has added scrutiny to World Liberty’s political ties, including a reported $500 million investment by a UAE-backed entity for a 49% stake. The court has yet to decide whether the delayed disclosure merits sanctions.
