World Liberty Takes Justin Sun to Court Over Alleged Defamatory Statements

A cryptocurrency firm linked to the family of former US President Donald Trump, World Liberty Financial, has initiated a defamation lawsuit against Justin Sun, the founder of Tron, in a Florida court. The lawsuit accuses Sun of engaging in 'gross misconduct' related to his purchase of WLFI tokens. This move comes after Sun filed a separate lawsuit in a California federal court, alleging that World Liberty had unfairly restricted his ability to transfer his WLFI tokens. According to the lawsuit, entities associated with Sun allegedly bought WLFI tokens on behalf of other investors and may have participated in short-selling the token. As a result, World Liberty froze Sun's tokens to 'protect itself and the broader community.' The company claims that Sun's subsequent tweets, in which he complained about the freezing of his tokens, contained false or defamatory information. World Liberty also alleges that Sun hired influencers and used bots to spread false information, resulting in the loss of business opportunities. The lawsuit includes redacted sections detailing Sun's alleged misconduct, including an alleged short-selling campaign aimed at suppressing the price of WLFI tokens during its public launch. World Liberty claims it had the contractual right to freeze Sun's tokens to prevent further harm and that Sun was aware of this ability before making his statements. The lawsuit seeks damages, expenses, and a retraction of Sun's statements.