World Liberty Hits Back at Justin Sun's Allegations, Calls Them 'Misconduct'

In a dramatic turnaround, Eric Trump has gone from praising Justin Sun on social media to likening his lawsuit to the infamous $6 million duct-taped banana art piece. This comes after Sun filed a complaint accusing World Liberty Financial of wrongfully freezing approximately $1 billion worth of $WLFI tokens. World Liberty has dismissed the allegations as a 'desperate' attempt to divert attention from Sun's own alleged misconduct. The company's co-founder, Zach Witkoff, has accused Sun of misconduct but did not provide specific details. A spokesperson for the firm declined to comment further, referring to posts on X by Witkoff and fellow co-founder Eric Trump. According to the complaint, World Liberty previously accused Sun of causing a 40% price drop in $WLFI tokens and of short-selling perpetual futures, allegations that Sun denies. The company also took issue with Sun's $100 million purchase of $TRUMP tokens, but Sun claims this was approved by a Trump family member involved in the project. World Liberty further accused Sun of violating his token purchase agreement and failing to provide adequate know-your-customer documentation. The lawsuit is ongoing, with World Liberty yet to file a formal response.