Business·4/22/2026AI summary Billionaire Justin Sun Sues Trump Family's World Liberty Crypto Venture Over Extortion Allegations
Justin Sun, founder of TRON and billionaire crypto investor, has filed a lawsuit against World Liberty Financial, co-founded by Donald Trump and Eric Trump, alleging an illegal scheme to seize his WLFI tokens. Sun invested $45m in the venture and claims his tokens, once valued at over $1bn, have been frozen and his voting rights stripped. The WLFI token has plummeted from 31 cents to under 8 cents since September. The lawsuit was filed in San Francisco federal court on Tuesday, coinciding with the SEC's decision to drop its investigation into Sun, prompting Senator Elizabeth Warren to question whether the actions were connected to Sun's investments in Trump's crypto ventures.