Eric Trump speaks as World Liberty Financial Co-founder Zach Witkoff and Founder of TRON Justin Sun look on during Token 2049, a Crypto event in Dubai, United Arab Emirates, on May 1, 2025.Altaf Qadri/AP
The Trump family’s cryptocurrency venture World Liberty Financial is being sued by one of its billionaire investors, who claims the company froze his token holdings.
In the lawsuit filed Tuesday, Justin Sun accused World Liberty Financial of “engaging in an illegal scheme to seize property.”
“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,” Sun wrote in a statement on X on Tuesday night. While he said he remains an “ardent supporter” of Trump and his administration’s efforts to make crypto-friendly policies, Sun wrote that “certain individuals” associated with World Liberty were operating the venture “in a manner that goes against President Trump’s values.”
Sun backed the Trump family when they launched World Liberty Financial in 2024, investing $30 million. He spent another $45 million on 3 billion tokens just a few months later. According to Reuters, Sun owns about 4 billion tokens worth approximately $320 million.
World Liberty Financial’s co-founder, Zach Witkoff, wrote in a Wednesday post on X that Sun’s legal complaint “is a desperate attempt to deflect attention from Sun’s own misconduct.” Witkoff did not offer more details on what Sun did but said the investor’s actions required the company to “take action to protect itself and its users.”
As my colleagues Russ Choma, Dan Friedman, and Tim Murphy wrote in 2025:
Shortly after Trump took office, the Securities and Exchange Commission—which had accused Sun of fraud in a federal complaint—agreed to pause its lawsuit while the parties pursued a “potential resolution.” That was one of more than a dozen lawsuits and investigations targeting crypto firms that the SEC reportedly backed off from after Trump took office.
Sun eventually resolved the case with the SEC in a $10 million settlement last month.
The Trump family receives 75 percent of net proceeds from token sales. According to the Wall Street Journal, since the launch, they have received about $1 billion in proceeds as of December 2025.
