Billionaire Sun Sues Trump-Backed Crypto Venture Over Frozen Holdings

A high-stakes dispute has erupted between Justin Sun, a Hong Kong-based billionaire and crypto entrepreneur, and World Liberty Financial, a digital currency venture co-founded by Donald Trump and his sons.

According to the lawsuit filed in a federal court in California, Sun claims that World Liberty secretly installed tools to freeze his holdings of tokens issued by the company. The tokens, worth around $320m, are held in Sun's digital wallet and have been locked since September 2025.

Sun purchased $45m worth of WLFI tokens in 2024, which he claims was approved by World Liberty's management team. He later acquired a further 1bn tokens after being named as an adviser to the company.