₱115.1B
₱2.1B
₱3.67
₱3.54
World Liberty Financial is battling Justin Sun in court over allegations that the Tron founder secretly shorted the company's native WLFI token, while the firm awaits federal banking approval.
World Liberty Financial attorney Tom Clare said Sun chose to defame the platform repeatedly and publicly to millions of followers rather than acting in good faith. The lawsuit filed Monday in Miami-Dade County describes the legal action as a last resort to protect tokenholders and employees.
A House Democrat investigation launched February 4 by Representative Ro Khanna uncovered alleged ties between World Liberty Financial and The Prince Group, a syndicate accused of running at least 10 scam compounds and stealing billions through pig butchering schemes.
Justin Sun's ₱2.72 billion ($45 million) investment in World Liberty Financial turned into a legal war after the company froze his tokens. Co-founder Chase Herro faces four separate tax liens and allegedly boasted about visiting Jeffrey Epstein's private island.
World Liberty Financial used 5 billion WLFI tokens as collateral to borrow ₱4.5 billion ($75 million) in stablecoins through the Dolomite protocol, sparking immediate backlash from critics who called the move reckless.