$BNB $DOGE #特朗普家族支持矿企三季度盈利
A major crypto lawsuit has erupted at just the right moment—during the U.S. midterm election window!
Justin Sun has formally filed a sanctions motion in U.S. federal court, suing the WLFI project backed by the Trump family.
Sun initially invested $45 million in WLFI, but the project froze the tokens he held, leaving him unable to sell or cash out. The two sides have been locked in a lengthy legal battle.
Here’s the most controversial part: WLFI initially told the court that it was a U.S.-based company. Just as the case was set to continue in open federal court, the project suddenly amended its filings, revealing overseas entities, including ones in the UAE. It is using this as grounds to argue that the federal court lacks jurisdiction and to have the case dismissed.
$ZAMA #币安安全事件恢复进展：98%被盗资产已回填 #美国10月非农出炉：降息还有戏吗？
This move has sparked debate throughout the crypto community.
Even if this sanctions motion does not fully achieve its aims, Sun is prepared to continue pursuing his claims in California state court.
This case is also a warning to all crypto investors: the corporate entities that many projects present to the public can conceal highly complex ownership structures. If an asset dispute arises, the risks may far exceed expectations.
A major crypto lawsuit has erupted at just the right moment—during the U.S. midterm election window!
Justin Sun has formally filed a sanctions motion in U.S. federal court, suing the WLFI project backed by the Trump family.
Sun initially invested $45 million in WLFI, but the project froze the tokens he held, leaving him unable to sell or cash out. The two sides have been locked in a lengthy legal battle.
Here’s the most controversial part: WLFI initially told the court that it was a U.S.-based company. Just as the case was set to continue in open federal court, the project suddenly amended its filings, revealing overseas entities, including ones in the UAE. It is using this as grounds to argue that the federal court lacks jurisdiction and to have the case dismissed.
$ZAMA #币安安全事件恢复进展：98%被盗资产已回填 #美国10月非农出炉：降息还有戏吗？
This move has sparked debate throughout the crypto community.
Even if this sanctions motion does not fully achieve its aims, Sun is prepared to continue pursuing his claims in California state court.
This case is also a warning to all crypto investors: the corporate entities that many projects present to the public can conceal highly complex ownership structures. If an asset dispute arises, the risks may far exceed expectations.
