The Trump Family’s Crypto Venture Is Being Sued by Its Own Billionaire Backer
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Billionaire Justin Sun is suing the Trump family's crypto venture, World Liberty Financial, over frozen token holdings.
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Billionaire investor Justin Sun is suing the Trump family’s cryptocurrency venture, World Liberty Financial, claiming the company froze his token holdings. In a lawsuit filed Tuesday, Sun accused World Liberty Financial of "engaging in an illegal scheme to seize property" after he invested $75 million in the company in 2024. Sun, who owns approximately 4 billion tokens worth $320 million, stated World Liberty Financial "wrongfully froze all of my tokens" and threatened to destroy them. World Liberty Financial co-founder Zach Witkoff responded on Wednesday, calling Sun's complaint "a desperate attempt to deflect attention from Sun’s own misconduct." The Trump family receives 75 percent of net proceeds from token sales, having received about $1 billion as of December 2025.
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Justin Sun filed a lawsuit against World Liberty Financial.
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Billionaire sues digital currency venture co-founded by Trump and sons for illegal account freezing
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