Collector Justin Sun is suing World Liberty Financial, the Trump household’s memecoin firm, claiming that the corporate illegally froze his holdings of tokens, studies NBC News.
In July 2025, Hong Kong–based mostly Sun bought $100 million price of the coin, $TRUMP, which might quickly thereafter be traded on TRON, the blockchain Sun based in 2017. Sun had already, as of Could, sunk $75 million into World Liberty Financial cash, $WFI.
On the identical time, Sun was being sued by the Securities and Alternate Fee (SEC) “for the unregistered supply and sale of crypto asset securities, for defrauding buyers by manipulating the worth of his personal cryptocurrency with faux transactions referred to as ‘wash buying and selling,’ and for orchestrating a scheme to pay celebrities together with Lindsay Lohan and Jake Paul to advertise his property with out disclosing their compensation,” as Artnet News reported in 2024. Sun denied the costs.
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Sun’s 2024 buy of World Liberty Financial cash made him that firm’s largest investor, and resulted in a payout of at the least $15 million to the Trumps, reported Bloomberg.
Within the new grievance, filed in federal courtroom in California, Sun alleges that Trump’s firm put instruments in place to forestall him from promoting his cash and threatened to completely delete his holdings from his personal digital pockets, or “burn” them, studies NBC.
The lawsuit says that Sun purchased $45 million price of $WLF, or 3 billion cash, and was awarded one other billion after he was named an adviser to the corporate. The 4 billion cash can be price about $320 million, in accordance with NBC.
Sun’s authorized claims “are totally meritless,” mentioned Zach Witkoff, World Liberty Financial’s chief government and cofounder, in a publish on X on Wednesday, including that “World Liberty seems to be ahead to getting the case thrown out promptly.”
“He engaged in misconduct that required World Liberty to take motion to guard itself and its customers,” added Witkoff.
Trump’s son Eric, one other World Liberty cofounder, resorted to a recent artwork slam when he weighed in on X, saying, “The one factor extra ridiculous than this lawsuit is spending $6 million on a banana duct-taped to a wall.” Sun purchased Maurizio Cattelan’s Comic (2019) at public sale in November 2024. In a publicity stunt, he later ate it.
Sun has been within the information a number of occasions just lately for submitting lawsuits. In August 2025, he sued Bloomberg Information to forestall the publication from revealing information about his funds whereas together with him in its Billionaires Index.
He additionally sued billionaire collector David Geffen in February 2025, alleging fraud and demanding the return of an Alberto Giacometti sculpture, claiming it was bought out from beneath him by a rogue artwork adviser in an elaborate scheme of solid signatures and fictitious legal professionals. He had purchased Le Nez (1947) at Sotheby’s New York for $78.4 million. Geffen countersued.
