World Liberty Fires Back at Justin Sun, Denies Defamation Allegations
In a dramatic turn of events, World Liberty Financial has countered Justin Sun's lawsuit, labeling it a desperate attempt to divert attention from his own alleged wrongdoing. The company, backed by the Trump family, has pledged to continue protecting its users. The lawsuit, filed by Sun, accuses World Liberty of unlawfully freezing approximately four billion $WLFI tokens, valued at around $1 billion. World Liberty's co-founder, Zach Witkoff, has accused Sun of misconduct, although the specifics of these allegations have not been disclosed. A spokesperson for the company has declined to comment further, referring to posts made by Witkoff and co-founder Eric Trump on social media. Trump has likened Sun's lawsuit to the infamous $6 million banana duct-taped to a wall, calling it ridiculous. The complaint filed by Sun alleges that World Liberty made a series of unsubstantiated accusations against him in private, including claims that he was responsible for the 40% price crash of $WLFI on its first day of trading. Sun has denied these allegations, stating that the complaints are meritless and that World Liberty has failed to provide evidence to support their claims. The lawsuit also touches on Sun's $100 million purchase of $TRUMP tokens and allegations of prohibited transfers and inadequate know-your-customer documentation. World Liberty has yet to formally respond to the lawsuit, but has expressed confidence in its position and looks forward to the case being dismissed.