Billionaire backer sues Trump family's crypto firm over alleged extortion
Billionaire investor Justin Sun is suing the family's World Liberty crypto venture after spending $45m on its tokens.
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"They wrongfully froze all of my tokens, stripped me of my right to vote on governance proposals, and have threatened to permanently destroy my tokens by 'burning' them - all without any proper justification."
— Justin Sun , Executive
"His claims are entirely meritless, and World Liberty looks forward to getting the case thrown out promptly."
— Zach Witkoff , Executive
"The only thing more ridiculous than this lawsuit is spending $6m on a banana duct-taped to a wall."
— Eric Trump , Celebrity
"I tried in good faith to resolve my complaints with World Liberty, adding that its team refused my requests to unfreeze my tokens and restore my rights as a token holder."
— Justin Sun , Executive
"I have tried in good faith to resolve my complaints with World Liberty."
— Justin Sun , Executive
"ridiculous"
— Eric Trump , Celebrity
"entirely meritless"
— Zach Witkoff , Executive
"This lawsuit does not change how I feel about President Trump or the Trump Administration. Unfortunately, certain individuals on the World Liberty project team have been operating the project in a manner that goes against President Trump’s values."
— Justin Sun , Executive
"They have left me with no choice but to turn to the courts."
— Justin Sun , Executive
"Justin’s favorite move is playing the victim while making baseless allegations to cover up his own misconduct."
— Eric Trump , Celebrity
"Justin Sun’s recent lawsuit against @worldlibertyfi is a desperate attempt to deflect attention from Sun’s own misconduct."
— Zach Witkoff , Executive
"Today, I filed a lawsuit in California federal court against World Liberty Financial to protect my legal rights as a holder of $WLFI tokens."
— Justin Sun , Executive
"World Liberty secretly installed tools to prevent the sale of his tokens after they became tradeable in September 2025."
— Justin Sun , Executive
"World Liberty is on the verge of collapse."
— Justin Sun , Executive
Key People
Chase Herro is a co-founder of World Liberty.
Devin Nunes is a former California congressman and the former chief executive of Trump Media & Technology.
Donald Jnr is the son of Donald Trump and involved in various business ventures.
Former president of the United States known for his aggressive economic policies.
Elizabeth Warren is the top Democrat on the Senate Banking Committee.
Son of former U.S. President Donald Trump and an investor in Foundation Robotics.
Justin Sun is a crypto entrepreneur known for founding the TRON blockchain platform.
Kevin McGurn is the interim CEO of Trump Media.
Zach Witkoff is a co-founder of World Liberty and the son of President Trump's Middle East envoy.
Tags
All Coverage
Billionaire investor Justin Sun is suing the family's World Liberty crypto venture after spending $45m on its tokens.
Justin Sun has filed a lawsuit against World Liberty Financial, alleging that the company illegally froze his holdings of tokens issued by the firm.
Justin Sun, a cryptocurrency mogul, has filed a lawsuit against the Trump family's flagship crypto venture, alleging breach of contract and fraud.
Justin Sun has filed a lawsuit against World Liberty Financial, accusing the organization of wrongfully freezing his funds and stripping him of his right to vote on governance proposals.
Justin Sun is suing World Liberty Financial, a crypto venture co-founded by President Donald Trump and his sons, alleging the company illegally blocked him from selling digital tokens worth up to $1 billion.
Crypto billionaire Justin Sun has filed a lawsuit in California federal court against World Liberty Financial (WLFI), a crypto project linked to the Trump family, alleging 'criminal extortion.' Sun claims WLFI froze his digital tokens, preventing him from cashing out a $30 million investment that could have grown to $276 million.
Tron founder Justin Sun has filed a federal lawsuit against World Liberty Financial, the crypto venture backed by members of President Donald Trump’s family. He wants a California court to unfreeze his WLFI tokens and stop the project from seizing, burning, or further restricting them.
Justin Sun on Tuesday sued World Liberty Financial, the crypto venture co-founded by President Donald Trump and his family, accusing the project and one of its co-founders of “criminal extortion” after he declined to invest more money into the company.
The Trump family's World Liberty crypto venture is being sued by one of its billionaire backers over allegations of extortion. Justin Sun has accused World Liberty of an 'illegal scheme' to seize his WLFI tokens, a cryptocurrency issued by the company.
El multimillonario de criptomonedas Justin Sun ha presentado una demanda en un tribunal federal de San Francisco contra el proyecto de criptomonedas World Liberty Financial (WLFI), cofundado por Donald Trump, por presunta extorsión y prácticas ilegales.
Crypto entrepreneur Justin Sun has sued World Liberty Financial, the digital currency venture cofounded by United States President Donald Trump and his sons, alleging that World Liberty illegally froze his holdings of tokens issued by the company.
Justin Sun alleges that World Liberty Financial, co-founded by Donald Trump and his sons, illegally froze his holdings of tokens issued by the company.
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.
Crypto billionaire Justin Sun and his companies sued World Liberty Financial, a crypto project co-founded by US President Donald Trump, accusing the company of extortion and an 'illegal scheme' to seize his tokens.
Similar Stories
Related coverage based on topic and tags
EXCLUSIVE: Trump Jr.-backed Unusual Machines, US asset manager invest $10 million in Canada's Draganfly - Reuters
EXCLUSIVE: Trump Jr.-backed Unusual Machines, US asset manager invest $10 million in Canada's Draganfly Reuters
September 28, 2026 at 11:55 AMLawyer Tony Buzbee must face $25 million defamation lawsuit, judge says - Reuters
Lawyer Tony Buzbee must face $25 million defamation lawsuit, judge says Reuters
October 1, 2026 at 09:34 PMEXCLUSIVE: Tiger Global, Dragoneer in talks to invest in Kalshi's new $1 billion fundraise, sources say - reuters.com
EXCLUSIVE: Tiger Global, Dragoneer in talks to invest in Kalshi's new $1 billion fundraise, sources say reuters.com
September 29, 2026 at 09:47 PMCommunity banks sue US regulator over crypto firm charters - Reuters
Community banks sue US regulator over crypto firm charters Reuters
October 2, 2026 at 09:28 PMWall Street regulator proposes rules on investment adviser crypto asset custody - Reuters
Wall Street regulator proposes rules on investment adviser crypto asset custody Reuters
October 1, 2026 at 09:19 PM$5 billion Firmus IPO divides investors after valuation triples in two months - Reuters
$5 billion Firmus IPO divides investors after valuation triples in two months Reuters
October 2, 2026 at 06:29 PM