Crisis Between Tron (TRX) Founder Justin Sun and Trump’s Altcoin Escalates! Counter-Move from the Trump Camp!

The long-standing dispute between Justin Sun and World Liberty Financial (WLFI) is escalating.

At this point, the final move came from World Liberty Financial, responding to crypto billionaire Justin Sun.

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According to the New York Post, WLFI, a DeFi project run by U.S. President Donald Trump and his family, has filed a defamation lawsuit against Tron (TRX) founder Justin Sun.

In its petition, World Liberty alleges that Sun publicly praised and supported WLFI as one of the biggest projects in the crypto world while secretly conducting different transactions.

According to the WLFI team, while Sun is supporting the project, he is secretly running a “short position opening and distortion” scheme involving short selling and price manipulation.

According to the complaint, Sun orchestrated a deliberate smear campaign against the company after its assets were frozen.

However, World Liberty states in its announcement that it discovered Justin Sun violated his investment terms late last year by making unauthorized token transfers to Binance, conducting fraudulent purchases of WLFI tokens on behalf of undisclosed third parties, and shorting WLFI tokens despite contractual obligations, and therefore froze his tokens.

According to the WLFI team, following the freezing of his assets, Sun described WLFI as one of the biggest and most important projects in the crypto world and stated that he has no plans to sell his unlocked tokens anytime soon.

However, according to WLFI, the reality was quite different. The lawsuit alleged that the continued praise was driven by profit motives. The team claimed that behind the scenes, Sun was threatening to “set World Liberty on fire, cause the WLFI token price to plummet, and be bad for the entire industry” if World Liberty took action against him.

Furthermore, Tron founder Sun demanded hundreds of millions of dollars in compensation for his silence, but World Liberty refused.

As you may recall, Justin Sun filed a fraud lawsuit against World Liberty in a California federal court in late April. Sun accused the company of using the crypto community like a personal ATM.

*This is not investment advice.

Continue Reading: Crisis Between Tron (TRX) Founder Justin Sun and Trump’s Altcoin Escalates! Counter-Move from the Trump Camp!