In brief – Justin Sun said his lawyers filed a motion seeking sanctions against World Liberty Financial over the timing of its disclosure that its ownership gives it UAE citizenship. – Sun says World Liberty first listed Florida as its only citizenship, then amended its filing…
list 22 members and UAE ties, and now argues the federal court lacks jurisdiction. – Sun, who invested $45 million in WLFI tokens, plans to refile his lawsuit in California state court once the motion is resolved. Justin Sun’s legal fight with World Liberty Financial now hinges on a question of nationality
The Tron founder said Tuesday on X that his lawyers have asked a federal court in California to sanction the Trump family-backed crypto venture over how long it took to disclose that its ownership chain gives it citizenship in the United Arab Emirates. Sun says he is one of World Liberty’s earliest and largest investors. He agreed in November 2024 to buy $30 million of its WLFI tokens and later raised his total investment to $45 million.
In April, he sued the company, alleging it misled him into investing and then unlawfully froze his tokens. World Liberty has fired back in court, alleging that Sun shorted WLFI and drove down its price. The current dispute turns on a technical point.