Crypto investor Justin Sun sues Trump’s World Liberty Financial over ‘misconduct’

Billionaire crypto mogul Justin Sun, who has invested tens of millions of dollars in President Donald Trump’s family’s various crypto ventures, has sued World Liberty Financial, one of the Trump family crypto firms.

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In a lawsuit filed Tuesday, Sun alleged that World Liberty Financial illegally froze his holdings of its tokens, which he said has been valued at more than $1 billion, accusing the firm of “engaging in an illegal scheme to seize property.”

Sun accused World Liberty Financial of “egregious misconduct,” alleging that “World Liberty Financial’s operators” see the project as a “golden opportunity to leverage the Trump brand to profit through fraud,” which “has caused Mr. Sun and his companies to incur hundreds of millions of dollars in damages.”

Zach Witkoff, co-founder of World Liberty Financial and son of Trump’s special envoy Steve Witkoff, called the lawsuit a “desperate attempt to deflect attention from Sun’s own misconduct,” alleging on X that Sun’s “claims are entirely meritless, and World Liberty looks forward to getting the case thrown out promptly.”

The Trump Organization and Sun’s lawyers did not immediately respond to MS NOW’s requests for comment. The White House referred to the Trump Organization.

It is unclear whether the lawsuit will jeopardize the crypto investor’s status among the Trump family’s business associates.

The lawsuit comes just days ahead of an exclusive “conference” and “luncheon” this Saturday for top holders of Trump’s memecoin at the Mar-a-Lago club hosted by another Trump family-linked crypto firm Fight Fight Fight LLC, which is inviting the top 29 “qualifying VIPs” to a reception with the president. According to the memecoin’s “leaderboard,” the top holder is currently listed as username “Sun,” though it is unclear whether this is Justin Sun.