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

A dramatic turn of events has unfolded as Eric Trump, co-founder of World Liberty, has made a U-turn in his stance on Justin Sun, going from admiration to likening a lawsuit filed by Sun to the infamous duct-taped banana art piece. The lawsuit, filed in the Northern District of California, accuses World Liberty Financial of wrongfully freezing approximately four billion $WLFI tokens valued at around $1 billion. In an informal response, World Liberty dismissed the suit as a 'desperate' deflection, vowing to continue protecting its users. Co-founder Zach Witkoff accused Sun of 'misconduct', although specifics were not provided. Justin Sun's recent lawsuit against World Liberty Financial has been deemed a 'desperate attempt' to divert attention from his own alleged misconduct. The claims are considered meritless, and World Liberty is confident the case will be dismissed promptly. A spokesperson for the firm declined to comment, referring inquiries to Witkoff and fellow co-founder Eric Trump's posts on social media. In a post, Eric Trump stated that the only thing more 'ridiculous' than this lawsuit is spending $6 million on a banana duct-taped to a wall. The complaint itself may provide more insight. According to the filing, World Liberty made various accusations against Sun in private conversations, none of which have been backed up with evidence, as per Sun's allegations. The filing also mentions that World Liberty has blamed Sun for the 40% price crash of $WLFI on its first tradable day, claiming he drove down the price by short-selling perpetual futures on a centralized exchange. However, Sun denies this, stating it would be difficult to prove given the timing of his transfers. Additionally, World Liberty objected to Sun's $100 million purchase of $TRUMP tokens, but Sun claims this purchase was approved by a Trump family member involved in both ventures. The company also accused Sun of acting as a straw purchaser, executing prohibited transfers, and submitting inadequate know-your-customer documentation, as per the filing. The lawsuit filing stated that World Liberty's representative, Mr. Herro, repeatedly threatened to report Sun to U.S. authorities over these unspecified KYC issues, which have not been explained despite requests for more information. As of now, World Liberty has yet to file a formal response to Sun's lawsuit.