In what may become one of the more embarrassing legal entanglements for the Trump family’s sprawling business empire, crypto billionaire Justin Sun filed a lawsuit on Wednesday accusing World Liberty Financial — the cryptocurrency platform founded by Donald Trump Jr. and Eric Trump — of outright fraud.
Sun, a Chinese-born crypto mogul and once a prominent Trump ally, claims he invested $45 million in WLFI, the platform’s token, back in October 2024. In gratitude, the company reportedly named him an advisor and gave him additional tokens. But the relationship has soured dramatically.
According to the lawsuit, WLFI was initially non-transferable but became publicly tradable on September 1 of last year. Since then, its value has plummeted from 46 cents per unit, and Sun alleges he has been blocked from withdrawing his assets. The case, filed in New York, strikes at the heart of questions about the Trump family’s growing involvement in the volatile cryptocurrency market — and whether those ventures are built on solid ground.
