World Liberty Hits Back at Justin Sun, Denies Defamation Allegations

A drastic change in tone has been observed in Eric Trump's stance towards Justin Sun, shifting from admiration to criticism within a span of ten months. Recently, Eric Trump compared a lawsuit filed by Sun to the infamous $6 million banana duct-taped to a wall. The lawsuit, filed in the Northern District of California, accuses World Liberty Financial of illegally freezing roughly four billion $WLFI tokens valued at around $1 billion. In response, World Liberty Financial has dismissed the suit as a 'desperate' attempt to deflect attention from Sun's alleged misconduct. Co-founder Zach Witkoff has pledged to continue protecting the company's users. However, the company has declined to provide further details on Sun's alleged misconduct, referring to posts by Witkoff and Eric Trump on social media. The lawsuit claims that World Liberty Financial made various accusations against Sun in private conversations, but failed to provide evidence. According to the filing, these accusations included blame for a 40% price crash of $WLFI on its first day of trading, as well as allegations of short-selling and violating token purchase agreements. World Liberty Financial has yet to file a formal response to the lawsuit.