Justin Sun seeks sanctions against World Liberty Financial over alleged concealed UAE ties
Tron founder Justin Sun has requested sanctions against World Liberty Financial, alleging the Trump-linked crypto firm hid its UAE citizenship to contest federal court jurisdiction.
Tron founder Justin Sun has filed a motion seeking court sanctions against World Liberty Financial, alleging the Trump-linked cryptocurrency project hid its United Arab Emirates citizenship until months into their ongoing legal dispute.[1][2][4][5]
Sun said World Liberty Financial initially described itself in court filings as a Florida-only entity before amending its disclosure to identify 22 members across Florida, Delaware, Puerto Rico, and the UAE. He claimed the company used the late disclosure to argue that federal court lacks jurisdiction over the dispute in an effort to move the proceedings out of open court.[1][3][4][5]
Sun sued the company in April, accusing it of fraud and unlawfully freezing his tokens after an alleged $45 million investment in WLFI. He stated that he intends to refile his $45 million lawsuit in California state court once the sanctions motion is resolved.[1][4][5]
Key facts
- Justin Sun filed a motion seeking sanctions against World Liberty Financial for failing to disclose its UAE citizenship until months into their litigation.
- World Liberty Financial initially filed as a Florida-only entity before amending its disclosure to list 22 members across Florida, Delaware, Puerto Rico, and the UAE.
- World Liberty Financial is now arguing that the federal court lacks jurisdiction over the lawsuit.
- Sun invested $45 million in WLFI tokens and initially sued the Trump-linked venture in April over alleged fraud and frozen tokens.
- Sun plans to refile his lawsuit against World Liberty Financial in California state court once the sanctions motion is resolved.
Sources · 5 sources
- TB
The BlockArticle ·
Justin Sun seeks sanctions against World Liberty, alleging Trump-linked firm hid UAE ties Sun says World Liberty Financial hid its UAE citizenship to escape federal court, and plans to refile his $45M lawsuit in California state court.
Open source - WI
Whale Insider@WhaleInsiderPost on X ·
JUST IN: Justin Sun’s lawyers moved to sanction World Liberty Financial $WLFI for failing to disclose, until months into the litigation against the company, that it is a citizen of the UAE. https://t.co/YtLqcF3nBs
Open source - CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: Justin Sun seeks sanctions against World Liberty Financial Sun says WLFI initially described itself as a Florida-only entity before amending its court filing to list 22 owners, including one with UAE citizenship. https://t.co/iMlhKfRHk9
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Tron founder Justin Sun said he has filed a motion seeking sanctions against World Liberty Financial, alleging the company failed to disclose its UAE citizenship until months into their legal dispute. Sun, who says he invested $45 million in $WLFI tokens, sued the Trump-linked crypto venture in April, accusing it of fraud and unlawfully freezing his tokens. He alleges the company's belated disclosure of 22 ownership entities was an attempt to challenge the federal court's jurisdiction and move the case out of open court.
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🚨 JUST IN: Justin Sun has moved to sanction World Liberty Financial, alleging it failed to disclose until months into his lawsuit that it holds UAE citizenship. Sun says $WLFI first listed only Florida citizenship, then amended its disclosure to name 22 members across Florida, Delaware, Puerto Rico and the UAE, and now argues the federal court lacks jurisdiction over the case. Sun, who invested $45M in WLFI and sued in April over alleged fraud and frozen tokens, says he will re-file in California state court once the sanctions motion is resolved.
Open source