World Liberty Financial, a cryptocurrency venture co-founded by President Trump and his sons, filed a defamation lawsuit Monday against crypto billionaire Justin Sun, accusing him of launching a coordinated effort to damage the company’s reputation.
The complaint, filed in Miami-Dade County, Florida, seeks unspecified damages and a public retraction over statements Sun made on social media.
World Liberty alleges Sun bet against its $WLFI token and used third parties to conceal purchases, while the company moved to freeze assets tied to one of his firms. The filing claims Sun responded with a “scorched earth” campaign, including threats of litigation and public attacks after the company refused his demands.
The suit further accuses Sun of spreading false claims about the company’s operations, amplifying them through influencers and bot accounts, and generating millions of views that caused significant reputational harm. Sun, founder of Tron, has not publicly responded to the allegations.
