Billionaire investor sues Trump crypto project

Billionaire investor Justin Sun is suing the Trump family’s cryptocurrency company, World Liberty Financial, accusing the firm of improperly freezing his tokens amid a dispute.

In a lawsuit filed Tuesday, Sun alleged that World Liberty Financial is “engaging in an illegal scheme to seize property.”

“World Liberty’s fraud has caused Mr. Sun and his companies to incur hundreds of millions of dollars in damages, and they seek to be compensated—and also seek certain narrow equitable relief—through this lawsuit,” the filing reads.

The founder of the crypto firm TRON spent $45 million purchasing $WLFI tokens in late 2024 and early 2025, as World Liberty Financial got off the ground.

Then-presidential candidate Trump and his sons launched the company in the fall of 2024. It came as Trump reversed course from his previous skepticism about crypto and embraced the industry during his campaign.

The lawsuit argues that Sun’s purchase of the $WLFI tokens was made under an agreement suggesting that World Liberty Financial would not have centralized control over the tokens and that they would eventually become tradable in the future.

“World Liberty’s promises and representations, however, were false and misleading,” the lawsuit argues. “Far from freeing its users of centralized control, World Liberty positioned itself as the new boogeyman behind the curtain.”

Sun alleges that the Trump family crypto company pushed him to invest in its stablecoin and froze his tokens last August to “ratchet up the pressure,” preventing him from selling his tokens when they became tradable in September.

He has also accused World Liberty Financial of threatening to “burn” or destroy his tokens and blocking him from participating in governance votes.

“In other words, World Liberty has not only deprived Mr. Sun of the right to sell his property, but they have also threatened to destroy that property altogether,” the complaint alleges.

The Hill has reached out to World Liberty Financial for comment.

The lawsuit comes as the disagreement between Sun and the crypto firm has at times played out publicly. Earlier this month, World Liberty Financial appeared to suggest it was also considering legal action.

“Justin’s favorite move is playing the victim while making baseless allegations to cover up his own misconduct,” the company wrote on X. “Same playbook, different target. WLFI isn’t the first. We have the contracts. We have the evidence. We have the truth. See you in court pal.”