Trump family’s crypto company sued over alleged extortion 5 minutes agoArchie MitchellBusiness reporterGetty ImagesJustin Sun is suing World Liberty, a crypto venture co-founded by US president Donald Trump and son Eric Trump. Sun claims that the firm has “frozen all of his tokens” and stripped him of the right to vote on governance matters. The BBC has contacted Trump for comment. Sun, who is a supporter of Trump and his stance on cryptocurrencies, accused “certain individuals” associated with World Liberty of acting against the president’s values. He invested $45m in World Liberty, and his WLFI tokens were valued at over $1bn at times. Sun said that his support was based on the Trump family’s involvement with the project, and his long-standing interest in cryptocurrencies. He also bought $100m of Trump’s meme coins in July 2025. He also bought $100m of Trump’s meme coins in July 2025, as well.Getty ImagesBut Sun alleged that those running World Liberty, including another co-founder, Chase Herro, are using it as a “golden opportunity to leverage the Trump brand to profit through fraud”.In his complaint, filed on Tuesday in a San Francisco federal court, Sun argues that initial promises to give token-holders the option to trade the currency in future “were false and misleading”.While the tokens at large became tradeable, Sun said World Liberty has blocked him from being able to sell a single one, and is now threatening to “burn” his – deleting them entirely.WLFI has denied wrongdoing and accused Sun of “playing the victim while making baseless allegations to cover up his own misconduct”.Investors have also grown concerned about World Liberty borrowing against the value of its tokens.Meanwhile, the Securities and Exchange Commission has dropped its investigation into Sun, with Senator Elizabeth Warren, a Democrat, questioning if it was tied to his investments in Trump’s crypto ventures. Sun was accused of paying influencers without disclosing payments to promote his businesses on social media.
