World Liberty Financial, the cryptocurrency venture affiliated with Donald Trump and his family, has filed a countersuit against Justin Sun, escalating a legal fight that began when Sun sued the company in April. Sun, the founder of Tron, alleged that World Liberty wrongfully froze his WLFI tokens and stripped him of governance rights after he declined to make further commitments. Forbes reported that Sun invested $30 million in November of 2024 and increased that to $45 million by January of 2025, making him one of the project’s most prominent backers.
World Liberty’s countersuit, filed May 4 in Florida state court, turns that narrative around. The company alleges Sun mounted what it described as a scorched-earth pressure campaign after relations broke down, and says his public fraud allegations were false and damaging. In its filing, World Liberty accuses Sun of trying to pressure the company into releasing a larger pool of tokens by undermining its reputation. None of the allegations has been proven, but the dispute now centers on sharply conflicting claims over token access, governance rights, and public accusations made after the relationship deteriorated.