Entrepreneur Justin Sun filed a lawsuit Wednesday accusing the Trump family-backed cryptocurrency platform of fraud and claiming he was prevented from disbursing his assets.
In a San Francisco federal court case reviewed by Agence France-Presse, the Chinese-born billionaire and former Trump ally claims to have bought $45 million worth of WLFI, an electronic currency launched by Liberty International Finance in October 2024.
To thank him for the investment — at a time when WLFI was paying little interest — executives at Liberty World Financial appointed him as an adviser and gave him an additional 1 billion WLFI tokens, the lawsuit says.
Sales to investors subsequently increased, and in March 2025, World Liberty Financial – whose founders include the sons of US President Donald Trump, Donald Jnr and Eric Trump – announced that it had sold US$550 million of digital currency.
Sun also acquired several million dollars worth of $TRUMP, a meme coin sold by Donald Trump hours before his January 2025 inauguration for a second term.
This earned Sun an invitation to a dinner hosted by Trump in Washington in May 2025 for 220 major $TRUMP holders.
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A banana wrapped in the wrong way was eaten by the famous entrepreneur Justin Sun
A banana wrapped in the wrong way was eaten by the famous entrepreneur Justin Sun
