Justin Sun accuses World Liberty Financial of misconduct as WLFI token hits all-time low

A months-simmering spat between the Trump family’s crypto company and one of its principal backers erupted into public view over the weekend, with threats of corruption and legal action flying in both directions.

Amid the emerging feud, which coincided with other developments for the Trump family’s World Liberty Financial, the company’s native WLFI token fell to its lowest-ever value over the weekend. The token was trading at just shy of $0.08, down 20% in the last week and more than 76% from its price shortly after it became tradable last fall. It dipped as low as $0.077 on Saturday.

Background to the dispute

Shortly after President Donald Trump’s re-election in 2024, Justin Sun, the crypto entrepreneur and founder of the Tron blockchain, bought tens of millions of dollars worth of WLFI from World Liberty. The purchases made Sun the single largest holder of the token, which allows holders to vote on certain proposals related to World Liberty’s governance.

In September, World Liberty blacklisted Sun’s wallet and froze his tokens after Sun appeared to begin moving millions of dollars’ worth of his WLFI holdings. Sun said at the time that he had not moved the tokens with the intent to sell them, an action that could have been prohibited by the terms of his initial investment.

World Liberty responded by refusing to engage with Sun’s demands and labeling him a wrongdoer.

“Justin’s favorite move is playing the victim while making baseless allegations to cover up his own misconduct,” the company said in a Sunday statement. “See you in court pal.”

Public escalation and legal threats

Representatives for Sun did not immediately respond to Decrypt’s requests for comment. A World Liberty Financial spokesperson referred Decrypt to its X posts when reached for contact.

The dispute is notable for its timing and the overlap between Sun’s political exposure and the Trump administration.

Broader political and regulatory context

After Sun spent tens of millions of dollars on WLFI tokens—and purchased several million dollars’ more worth of President Donald Trump’s official meme coin—the Trump SEC opted to settle a years-long fraud case against Sun in March. Reuters reported that the SEC’s handling of the Sun case so disgruntled the agency’s head of enforcement that she resigned soon after.

While the civil dispute between World Liberty and one of its principal investors is unlikely to change dynamics on Capitol Hill immediately, Democrats have used Sun as an example of what they describe as “Trump’s crypto corruption.”

Potential impact in Congress

If Democrats retake one or both chambers of Congress in November—Polymarket estimated a 90% likelihood—World Liberty and Sun are expected to face greater scrutiny in Washington.