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Wed, 22 Apr 2026

Wed, 22 Apr 2026 Billionaire backer sues Trump family's crypto firm over alleged extortion

Billionaire investor Justin Sun is suing the family's World Liberty crypto venture after spending $45m on its tokens.

* Justin Sun, a billionaire supporter of Donald Trump and founder of TRON, has sued World Liberty Financial (a crypto venture co-founded by the Trump family) over allegations of extortion.
* Sun claims that World Liberty "froze" his WLFI tokens, stripped him of his voting rights, and threatened to "burn" his tokens without justification.
* World Liberty denies wrongdoing and accuses Sun of making baseless allegations to cover up his own misconduct.
* Sun alleges that the Trump family's association with World Liberty was used as a way to profit through fraud, and that initial promises about token tradability were false and misleading.
* Investors have also grown concerned about World Liberty borrowing against the value of its tokens, and the Securities and Exchange Commission (SEC) has dropped its investigation into Sun amid concerns about his investments in Trump's crypto ventures.