SAN FRANCISCO: Crypto entrepreneur Justin Sun on Tuesday sued World Liberty Financial, the digital currency venture co-founded by US President Donald Trump and his sons, alleging that World Liberty illegally froze his holdings of tokens issued by the company.
Sun alleged in the lawsuit, filed in a federal court in California, that World Liberty secretly installed tools to prevent the sale of his tokens after they became tradeable in September 2025. The lawsuit also alleges that World Liberty threatened to “burn” — or permanently delete — his holdings, even while they were in Sun’s digital wallet.
Sun, the Hong Kong-based founder of the Tron cryptocurrency, bought $45 million of WLFI tokens — some 3 billion — and was later awarded a further 1 billion tokens after being named as an advisor to World Liberty, the lawsuit said.
Sun’s portfolio of 4 billion WLFI tokens is worth roughly $320 million, according to calculations based on the latest WLFI price.
A spokesperson for the company had said earlier this week that Sun “is not an advisor at World Liberty Financial, and he has never held an operational role in the company”.
