The Trump family’s World Liberty crypto venture is being sued by one of its billionaire backers over allegations of extortion.
Justin Sun has accused World Liberty of an “illegal scheme” to seize his WLFI tokens, a cryptocurrency issued by the company.
Sun alleges the firm, co-founded by US President Donald Trump and his son Eric Trump, has “frozen” all of his tokens and stripped him of his right to vote on governance issues.
The BBC has contacted Trump and World Liberty for comment.
Sun is an ardent supporter of Trump and his stance on cryptocurrencies, but accused “certain individuals” associated with World Liberty of acting against the president’s values.
“They wrongfully froze all of my tokens, stripped me of my right to vote on governance proposals, and have threatened to permanently destroy my tokens by ‘burning’ them – all without any proper justification,” he said in a social media post announcing the lawsuit.
