{"id":2384,"date":"2026-05-04T18:57:42","date_gmt":"2026-05-04T18:57:42","guid":{"rendered":"https:\/\/firearmgiveawayfinder.com\/?p=2384"},"modified":"2026-05-04T18:57:42","modified_gmt":"2026-05-04T18:57:42","slug":"trumps-crypto-empire-descends-into-warring-lawsuits-mother-jones","status":"publish","type":"post","link":"https:\/\/firearmgiveawayfinder.com\/?p=2384","title":{"rendered":"Trump\u2019s Crypto Empire Descends Into Warring Lawsuits \u2013 Mother Jones"},"content":{"rendered":"


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Justin Sun, left, with World Liberty Financial co-founders, Zach Witkoff and Eric Trump, in happier days at a Dubai crypto conference last May.<\/span>Altaf Qadri\/AP<\/span><\/p>\n<\/div>\n

Get your news from a source that\u2019s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily<\/em>.<\/a><\/div>\n

For a little while,<\/span> crypto mogul Justin Sun represented everything the digital currency industry could want from Donald Trump. But Blockchain Camelot is over, and the dueling lawsuits are here.<\/p>\n

Sun, a Chinese-born crypto-billionaire known for his antics\u2014he is the guy who paid $6.2 million for a banana duct-taped to a wall at Art Basel\u2014was already facing a slew of civil fraud allegations<\/a> leveled by the Biden-era SEC when he entered the Trumps\u2019 orbit. Shortly after the 2024 election, Sun made a huge investment in digital tokens issue by World Liberty Financial, the newly launched crypto firm run by the Trump family and their allies.<\/p>\n

Sun tweeted loudly about his, and the crypto industry\u2019s, love for Donald Trump, and when the new administration came to power, his regulatory and legal troubles eased. The SEC agreed to put its lawsuit against him on hold; he recently settled the case for the relatively low sum of $10 million<\/a>. Sun and Trump, it seemed, embodied a new political and economic order.<\/p>\n

But it didn\u2019t last.<\/p>\n

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Today, we are filing a lawsuit against Justin Sun for defamation. Sun has launched a coordinated media smear campaign against World Liberty Financial and refused to stop even when confronted with the truth.<\/p>\n

Here’s the story.\ud83e\uddf5<\/p>\n

\u2014 WLFI (@worldlibertyfi) May 4, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Two weeks ago\u2014after a months-long dispute\u2014Sun filed a lawsuit<\/a> against World Liberty Financial, accusing the company of \u201cengaging in an illegal scheme to seize property\u201d by preventing him from selling his tokens. On Monday, World Liberty Financial hit back<\/a>, filing a defamation lawsuit that accuses Sun of trying to ruin the company with lies. Sun, who usually doesn\u2019t hold back his opinions on anything, quickly responded, insisting<\/a> that the suit was \u201cnothing more than a meritless PR stunt.\u201d<\/p>\n

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The alleged defamation lawsuit that World Liberty announced on X today is nothing more than a meritless PR stunt. I stand by my actions and look forward to defeating the case in court.<\/p>\n

\u2014 H.E. Justin Sun \ud83d\udc68\u200d\ud83d\ude80 \ud83c\udf1e (@justinsuntron) May 4, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

The details of what exactly each side is alleging are also quite representative of the crypto industry\u2014complicated, arcane, and full of protestations of transparency and insistence that the other side is not what it seems. But here\u2019s the gist:<\/p>\n