Arabic version: جاستن صن يقاضي شركة العملات الرقمية لعائلة ترامب بسبب نزاع على الرموز

The Trump family’s World Liberty Financial crypto venture is being sued by billionaire investor Justin Sun, who alleges extortion in a dispute over his WLFI tokens. According to BBC News, Sun claims that the firm, co-founded by US President Donald Trump and his son Eric Trump, has unlawfully frozen his tokens and stripped him of his voting rights on governance matters.

Sun, who has invested $45 million in World Liberty, asserts that the company’s actions are part of an “illegal scheme” to seize his assets. He further alleges that he faces the threat of having his tokens permanently destroyed, or “burned,” without justification. Sun has been a vocal supporter of Trump and his policies on cryptocurrencies, which adds another layer of complexity to the case.

In response, World Liberty has denied any wrongdoing, accusing Sun of making baseless claims to distract from his own alleged misconduct. Co-founder Zach Witkoff stated that Sun’s lawsuit is a “desperate attempt” to divert attention from his actions, asserting that the company had to take protective measures for its users.

The lawsuit, filed in a San Francisco federal court, also highlights concerns among investors regarding World Liberty’s financial practices, including borrowing against the value of its tokens. Meanwhile, the Securities and Exchange Commission has concluded its investigation into Sun, raising questions about the implications of his investments in Trump’s crypto ventures. This legal battle unfolds as the Trump family continues to navigate challenges in their business operations, including recent leadership changes at their Truth Social platform.