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Justin Sun, the blockchain entrepreneur behind Tron, has filed a lawsuit in California federal court against World Liberty Financial, a cryptocurrency venture supported by the Trump family. In his complaint, Sun alleges the project improperly locked his token holdings, removed his ability to participate in governance voting, and threatened to permanently destroy his investment without adequate justification.
Sun said he pursued private negotiation channels before turning to litigation. He also stated that when World Liberty Financial management refused to restore access to his frozen assets, legal action became his only remaining option.
Sun previously made public allegations on April 12 that World Liberty Financial developers secretly added a blacklist mechanism into the project’s smart-contract infrastructure. He claims the hidden functionality gives the development team authority to freeze, limit, and effectively seize investor assets.
World Liberty Financial responded on its social channels, describing Sun’s claims as “baseless allegations” and portraying him as “playing the victim.” The organization also said, “See you in court pal,” indicating it expected legal proceedings.
The dispute escalated after World Liberty Financial released a governance resolution on April 15. The measure proposes converting more than 62 billion WLFI tokens from unlimited lockup periods into predetermined vesting timelines.
Under the resolution, founders, development personnel, and advisors would be subject to a two-year token freeze, followed by incremental distribution over three additional years. The proposal also includes a 10% token destruction upon approval.
Sun said investors who do not accept the revised conditions would have their holdings locked permanently under the current framework. He described the resolution as “one of the most absurd governance scams” he has encountered, arguing it is framed as governance while operating as an investor trap for those who do not actively participate.
Because his WLFI tokens are frozen, Sun said he is unable to participate in voting—either to support or oppose the proposal.
Despite the legal fight, Sun said the lawsuit is not intended as opposition to President Trump or his administration’s efforts to make the U.S. more crypto-friendly. He wrote that certain individuals on the World Liberty project team have been operating in ways he believes conflict with President Trump’s values.
Sun is also reported to be among the top holders of the TRUMP memecoin. His investment reportedly provided access to an exclusive cryptocurrency gala dinner in May 2025, where he received a commemorative watch.
CoinCarp data cited in the article shows 642,882 holders of the TRUMP memecoin. It also states that more than 91% of total supply concentration is held in the top 10 wallet addresses.
World Liberty Financial had not issued an official statement about the lawsuit at the time journalists reached out, according to the article.
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