World Liberty Financial, a Trump family-linked cryptocurrency project, files a defamation lawsuit against billionaire crypto entrepreneur Justin Sun in Florida state court, escalating a dispute between the two parties. Multiple outlets report the suit follows Sun’s own earlier lawsuit against World Liberty, in which Sun accused the Trump-backed firm of fraud and related misconduct.
In its defamation complaint, World Liberty alleges that Sun carried out a “public smear campaign” and made statements it says are false. Sources say the allegations include claims about Sun’s trading and actions involving WLFI tokens, including accusations that he improperly transferred some governance-linked tokens to Binance and that he engaged in short-selling or other activities designed to pressure the token’s market price downward. The complaint also contends that Sun’s public remarks—particularly posts on social media platform X—were aimed at harming World Liberty’s reputation.
The reporting describes the conflict as a back-and-forth legal feud, with both sides suing each other over alleged wrongdoing tied to WLFI and the project’s token trading and disclosures.
