🚨 Justin Sun is accusing Trump-backed World Liberty Financial of concealing its UAE ownership.
The TRON founder, who invested $45 million in $WLFI tokens, is seeking $264,000 in sanctions against World Liberty Financial and its attorneys.
According to Sun’s court filing:
• World Liberty initially identified itself as a Florida entity.
• Months later, an amended disclosure revealed 22 members in its ownership chain, including UAE connections.
• The company is now arguing that its foreign citizenship prevents the fraud lawsuit from proceeding in US federal court.
Sun claims the delayed disclosure caused his legal team to spend hundreds of thousands of dollars fighting an attempt to move the dispute into private arbitration.
He plans to refile in California state court after the sanctions motion is resolved.
Important: World Liberty disputes Sun’s underlying allegations, and the court has not ruled that the company intentionally concealed its ownership.
What do you think about this legal battle involving $WLFI?
Follow Wendy for more latest updates
#WLFI $WLFI
The TRON founder, who invested $45 million in $WLFI tokens, is seeking $264,000 in sanctions against World Liberty Financial and its attorneys.
According to Sun’s court filing:
• World Liberty initially identified itself as a Florida entity.
• Months later, an amended disclosure revealed 22 members in its ownership chain, including UAE connections.
• The company is now arguing that its foreign citizenship prevents the fraud lawsuit from proceeding in US federal court.
Sun claims the delayed disclosure caused his legal team to spend hundreds of thousands of dollars fighting an attempt to move the dispute into private arbitration.
He plans to refile in California state court after the sanctions motion is resolved.
Important: World Liberty disputes Sun’s underlying allegations, and the court has not ruled that the company intentionally concealed its ownership.
What do you think about this legal battle involving $WLFI?
Follow Wendy for more latest updates
#WLFI $WLFI