Justin Sun's $75M WLFI Investment Ends in Dueling Lawsuits, Assets Frozen

WLFI-0.19%

According to reports, Justin Sun purchased $75 million worth of World Liberty Financial's $WLFI governance token shortly after Donald Trump's election, marking a significant capital injection into the Trump family's crypto venture.

World Liberty Financial, launched in September 2024 and managed by Trump's sons Donald Jr., Eric, and Barron alongside Zach Witkoff, generated $550 million in token sales with 75% of profits directed to the Trump family trust. The partnership deteriorated into legal conflict when Sun's digital assets were frozen by the platform. Sun filed suit against World Liberty Financial over the asset freeze, while the platform countersued, accusing him of defamation.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments