Billionaire Justin Sun sues Trump family crypto venture over token restrictions

Blockchain entrepreneur Justin Sun has filed a lawsuit against World Liberty Financial, a cryptocurrency platform co-founded by former US President Donald Trump and his sons, alleging fraud and asset freezing.

The lawsuit was filed in a federal court in San Francisco on April 22, 2026.

Sun claims that World Liberty Financial blocked his ability to sell WLFI tokens and threatened to permanently delete his holdings.

Sun invested approximately $45 million in WLFI tokens, acquiring around three billion tokens initially.

He was later awarded an additional one billion tokens after being appointed as an adviser to the company.

His total holdings of four billion WLFI tokens are valued at roughly $320 million based on current prices.

The lawsuit states that World Liberty Financial secretly installed tools to prevent Sun from selling his tokens after they became tradable in September 2025.

Sun alleges that the company threatened to "burn" or permanently delete his digital assets, despite them being in his digital wallet.

World Liberty Financial was launched in October 2024, with Donald Trump's sons Donald Jr. and Eric Trump among its founders.

The platform reportedly sold $550 million worth of WLFI tokens by March 2025, following an initial period of low interest.

Sun also purchased a meme coin called $TRUMP, marketed by Donald Trump shortly before his second presidential inauguration in January 2025.

Sun's involvement with the Trump family's crypto ventures included an invitation to a dinner hosted by Donald Trump in Washington in May 2025, which was attended by the largest holders of the $TRUMP coin.

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