Billionaire Justin Sun sues Trump family crypto venture
The entrepreneur says his WLFI assets were frozen by World Liberty Financial, and he has been unable to resell the electronic currency
Entrepreneur Justin Sun filed a lawsuit on Wednesday accusing a Trump family-backed cryptocurrency platform of fraud and alleging he was blocked from withdrawing his assets.
In a San Francisco federal court filing reviewed by Agence France-Presse, the Chinese-born crypto billionaire and former Trump ally claims to have bought US$45 million worth of WLFI, an electronic currency launched by World Liberty Financial in October 2024.
To thank him for the investment – at a time when WLFI was generating little initial interest – World Liberty Financial executives appointed him as an adviser and awarded him an additional 1 billion WLFI tokens, the lawsuit says.
Sales to investors subsequently accelerated, and in March 2025, World Liberty Financial – whose founders included US President Donald Trump’s sons Donald Jnr and Eric Trump – announced that it had sold US$550 million worth of the digital currency.
Sun also acquired several million dollars’ worth of $TRUMP, a meme coin marketed by Donald Trump just hours before his second term inauguration in January 2025.
This earned Sun an invitation to a dinner hosted by Trump in Washington in May 2025 for the 220 largest holders of $TRUMP.
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