Trump Family Crypto Firm Sues Justin Sun Over Defamation Allegations

The ongoing legal battle between the Trump family's crypto firm, World Liberty Financial (WLFI), and Tron founder Justin Sun continues to escalate. WLFI has filed a countersuit against Sun over his claim that the company is an 'illegal scheme.'

Sun had accused WLFI of freezing his tokens without consent and stripping him of his voting rights. However, WLFI alleges that Sun agreed to their freezing authority and threatened them before going public with his allegations.

The countersuit also accuses Sun of making false and defamatory statements about WLFI, seeking damages and a public retraction. Additionally, the company claims Sun engaged in unauthorized token transfers, short sales, and acquisitions through undisclosed parties.