Trump family crypto venture sues Justin Sun for defamation
World Liberty Financial, a cryptocurrency firm co-founded by Donald Trump and his sons, has initiated a defamation lawsuit against Justin Sun, a crypto entrepreneur from Hong Kong. The lawsuit, shared on X on Monday, alleges that Sun has engaged in a 'public smear campaign' filled with false accusations. This conflict intensified after Sun filed a lawsuit against World Liberty in April, claiming that the company unlawfully froze tokens he had acquired. World Liberty asserts that its right to freeze tokens was outlined in the Terms of Sale. Sun labeled the lawsuit as a 'meritless PR stunt' and pledged to contest it in court. Donald Trump Jr. shared World Liberty's post, encouraging followers to 'Read this entire thread for the truth!!!!' CEO Zach Witkoff expressed confidence that the truth would prevail in court.
Key facts
- World Liberty Financial filed a defamation lawsuit against Justin Sun on Monday.
- The lawsuit accuses Sun of launching a 'public smear campaign' with false claims.
- Sun previously sued World Liberty in April, alleging illegal freezing of his tokens.
- World Liberty claims token freezing was disclosed in the Terms of Sale.
- Sun called the lawsuit a 'meritless PR stunt' and said he will fight it in court.
- Donald Trump Jr. reposted World Liberty's thread with a comment supporting the lawsuit.
- Zach Witkoff, CEO and co-founder of World Liberty, expressed confidence in the legal process.
- World Liberty is one of several crypto businesses co-founded or controlled by the Trump family.
Entities
Institutions
- World Liberty Financial
- Binance
- Polymarket
Locations
- Hong Kong
- China
- United States