World Liberty Fires Back at Justin Sun, Alleging 'Misconduct' Amid Defamation Claims

In a dramatic turn of events, Eric Trump has gone from praising Justin Sun on social media to comparing 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 unlawfully freezing approximately four billion $WLFI tokens valued at around $1 billion. World Liberty's informal response dismissed the suit as a 'desperate' attempt to deflect attention from Sun's alleged 'misconduct'. The company's co-founder, Zach Witkoff, stated that Sun's claims are 'entirely meritless' and that World Liberty looks forward to having the case dismissed promptly. However, neither Witkoff nor the company has elaborated on the nature of Sun's alleged misconduct. A spokesperson for the firm declined to comment, referring inquiries to Witkoff and fellow co-founder Eric Trump's posts on social media. The complaint filed by Sun alleges that World Liberty made a series of unsubstantiated accusations against him in private conversations and correspondence. According to the filing, World Liberty has blamed Sun for the 40% price crash of $WLFI on its first day of trading, as well as for short-selling perpetual futures on a centralized exchange. Sun has denied these allegations, stating that they are false and lack evidence. The complaint also notes that World Liberty objected to Sun's $100 million purchase of $TRUMP tokens from a different Trump-backed project, but Sun claims that this purchase was approved by a Trump family member who is a partner in both ventures. Additionally, the company allegedly accused Sun of acting as a straw purchaser for other investors and executing prohibited transfers to certain exchanges. World Liberty has yet to file a formal response to Sun's lawsuit.