World Liberty Financial (WLFI), the crypto venture cofounded by President Donald Trump’s sons, filed a defamation lawsuit Monday against the Hong Kong-based crypto entrepreneur Justin Sun, stating that Sun is engaging in a “scorched-earth pressure campaign against World Liberty to try to extract hundreds of millions of dollars from World Liberty.”
World Liberty Financial has filed a defamation lawsuit against Yuchen (Justin) Sun, a Chinese-born billionaire and founder of the TRON blockchain. This follows as Sun sued World Liberty on April 21 for alleged fraud.
Sun claimed in his suit that World Liberty attempted to pressure him into investing “hundreds of millions of dollars” into its USD1 stablecoin. He said that when he did not invest, World Liberty froze his holdings in retaliation.
On the obverse side, World Liberty said that Sun has orchestrated a “smear campaign” against the company and that Sun violated his investment terms.
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