Justin Sun Sues Trump-Linked Crypto Firm Over Frozen Assets

Justin Sun, the creator of Tron, has taken legal action against World Liberty Financial, a stablecoin and crypto firm associated with Donald Trump's family. The lawsuit, filed on Tuesday, accuses World Liberty of engaging in an 'illegal scheme to seize property' by freezing Sun's $WLFI tokens.

The complaint alleges that World Liberty made fraudulent misrepresentations to investors, including claims about the rights token holders had and statements about 'freedom to transact.' Sun claims he was induced to invest $45 million in the project after being solicited by the World Liberty team in 2024, partly due to the Trump family's association.

Sun's lawsuit also alleges that World Liberty had centralized control over its tokens, despite presenting itself as a decentralized finance business. The company allegedly changed the smart contract governing $WLFI in August 2025 without disclosing it to investors, even though token holders had approved a proposal to make a portion of the supply tradable.

World Liberty's actions have been met with hostility by Sun and his businesses, according to the complaint. Chase Herro, one of World Liberty's co-founders, allegedly threatened to burn Sun's $WLFI tokens if he did not request it, and also claimed that Sun's KYC documentation was inadequate.