World Liberty Hits Back at Justin Sun Over 'Misconduct' Allegations Amid Defamation Row

A dramatic turn of events has unfolded as World Liberty Financial pushes back against Justin Sun's allegations of defamation. The company's co-founder, Eric Trump, took to social media to express his disdain for the lawsuit, drawing a parallel between the situation and the infamous $6 million banana duct-taped to a wall. This comes after Sun filed a complaint in the Northern District of California, accusing World Liberty of unlawfully freezing approximately four billion $WLFI tokens valued at around $1 billion. In response, World Liberty has labeled the suit as a 'desperate' attempt to deflect attention from Sun's own alleged misconduct, with co-founder Zach Witkoff accusing Sun of wrongdoing. However, neither Witkoff nor the company has elaborated on the nature of Sun's alleged misconduct. A spokesperson for the firm has declined to comment further, instead referring to Witkoff and Trump's posts on social media. According to the complaint, World Liberty has made various accusations against Sun in private, including blaming him for the 40% price crash of $WLFI on its first day of trading, as well as accusing him of short-selling perpetual futures and acting as a straw purchaser. Sun has denied these allegations, stating that they are baseless and lack evidence. The company has yet to file a formal response to the lawsuit.