World Liberty Financial hits back at crypto billionaire Justin Sun with a defamation suit, claim he was betting against token
World Liberty Financial has filed a defamation lawsuit against crypto billionaire Justin Sun, accusing him of running a short-and-distort scheme while publicly praising the company's token. The Florida-based firm claims Sun violated investment terms, engaged in unauthorized token transfers, and threatened to damage the company's reputation when his assets were frozen. The legal battle follows Sun's public accusations that World Liberty improperly restricted his holdings and operated with deceptive governance practices.
- ▪World Liberty Financial filed the defamation suit in Miami-Dade County state court after Justin Sun sued them for fraud in California.
- ▪The company alleges Sun was short-selling the $WLFI token despite contractual prohibitions and made unauthorized transfers to Binance.
- ▪Sun publicly praised $WLFI as 'one of the biggest projects in crypto' even as he allegedly threatened to 'light World Liberty on fire' if his demands were not met.
- ▪World Liberty claims a potential partnership with Native Market collapsed following Sun's public campaign against the company.
- ▪Sun published his allegations in both English and Mandarin Chinese, reaching millions of followers across social media platforms.
Opening excerpt (first ~120 words) tap to expand
Business World Liberty Financial hits back at crypto billionaire Justin Sun with a defamation suit, claim he was betting against token By Lydia Moynihan Published May 4, 2026, 7:15 a.m. ET World Liberty Financial is hitting back at crypto billionaire Justin Sun with a defamation suit — and claims he was betting against the very token he was publicly hyping as “one of the biggest projects in crypto” as part of an alleged short-and-distort scheme. The Florida-based decentralized finance company, launched in 2024 and backed by the Trump sons, filed the suit Monday in Miami-Dade County state court, just days after Sun sued them for fraud in California federal court.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at New York Post.
Discussion
0 commentsMore from New York Post
