Billionaire entrepreneur Justin Sun has sued the cryptocurrency platform co-founded by US President Donald Trump and his sons, accusing the company of fraud.
Mr Sun, a 35-year-old Chinese-born crypto mogul, filed a lawsuit on Wednesday, US time, accusing World Liberty Financial of blocking him from selling his tokens after they became tradeable last year.
In the filing, Mr Sun claimed to have purchased $45 million worth of WLFI, an electronic currency launched by World Liberty Financial – founded by Donald, Donald Jr. and Eric Trump – in October 2024.
To thank him for the investment, which came at a time when WLFI was generating little initial interest, World Liberty Financial appointed him as an adviser and awarded him an additional one billion WLFI tokens, the lawsuit states.
Sales to investors subsequently accelerated, and in March 2025, World Liberty Financial announced that it had sold $550 million worth of the digital currency.
WLFI became tradeable on September 1, 2025.
Its value has since plummeted from 46 cents per unit to its current price of eight cents.
Mr Sun, the founder of another cryptocurrency platform TRON, claims his WLFI assets were unilaterally frozen by World Liberty Financial and he has been unable to resell any of them to date. He alleges platform executives even threatened to destroy his holdings if he attempted to take legal action.
“I have always been — and remain — an ardent supporter of President Trump and his Administration’s efforts to make America crypto friendly. This lawsuit does not change how I feel about President Trump or the Trump Administration,” he wrote in a post on social media.
“Unfortunately, certain individuals on the World Liberty project team have been operating the project in a manner that goes against President Trump’s values. They wrongfully froze all of my tokens, stripped me of my right to vote on governance proposals, and have threatened to permanently destroy my tokens by “burning” them — all without any proper justification.”
Mr Sun is demanding the unfreezing of his assets as well as compensatory damages for the harm he has suffered.
Hellbound and Down 