Justin Sun called it a “meritless PR stunt.” World Liberty Financial, or WLFI called it a lawsuit.
WLFI Vs. Sun: A Public Feud Goes LegalToday, we are filing a lawsuit against Justin Sun for defamation. Sun has launched a coordinated media smear campaign against World Liberty Financial and refused to stop even when confronted with the truth.
Here’s the story.
Things began to crack when Sun allegedly tried to move his tokens to Binance in violation of the terms he had agreed to. WLFI responded by freezing the assets, citing a contractual right to do so. That freeze, the company says, was not a punishment — it was a protection.
Sun Fires Back With His Own LawsuitSun did not take the freeze quietly. In late April, he sued WLFI first, claiming the company had wrongfully locked up tokens that were once worth $1 billion and stripped him of his voting rights. His lawsuit framed WLFI as the aggressor. WLFI’s defamation claim, filed days later, tells a different story.
I have always been—and remain—an ardent supporter of President Trump and his Administration’s efforts to make America crypto friendly.…
The company says those claims ignored disclosures already available in its documentation. It also accuses Sun of using money to spread his message further — allegedly working with influencers and bot accounts to amplify his posts across social media.
Sun, for his part, confirmed he is aware of the lawsuit and said he stands by everything he did. He says he expects to win in court.
WLFI’s token briefly jumped 8% after news of the lawsuit broke. But that pop sits against a rougher backdrop — the token had already fallen 15% over the prior week and was down 35% over the past month.
What is clear is that two parties who once shared a business relationship are now fighting that battle in public — and in court.
Featured image from Unsplash, chart from TradingView
