Crypto Billionaire Justin Sun Sues Trump’s World Liberty Financial—After Investing $45 Million

BreakingBusinessCrypto Billionaire Justin Sun Sues Trump’s World Liberty Financial—After Investing $45 MillionBySiladitya Ray,Forbes Staff. Siladitya Ray is a New Delhi-based Forbes news team reporter.Follow AuthorApr 22, 2026, 08:58am EDTApr 22, 2026, 09:00am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineBillionaire Justin Sun filed a lawsuit in federal court against the Trump family’s World Liberty Financial crypto venture on Tuesday, accusing the organization—in which he was a major early investor—of wrongfully freezing his funds and stripping him of his right to vote on governance proposals.Justin Sun accused WLFI's leaders of going against President Trump’s values.AFP via Getty ImagesKey FactsIn a filing made before the Northern District of California Federal Court, Sun alleged the Trump-linked crypto firm is engaging in an “illegal scheme” to seize his $WLFI tokens.The suit claims that the $WLFI token saw lackluster demand at first until the crypto billionaire invested $30 million in November 2024 and then upped his investment to $45 million in January 2025.The filing says World Liberty’s links to the Trump family were one of the key reasons Sun invested in the company, but alleged the firm’s operators simply see it as an opportunity to “leverage the Trump brand to profit through fraud.”The suit alleges that World Liberty attempted to pressure Sun to mint and promote its USD1 stablecoin, which is pegged to the dollar, and retaliated when he refused.Despite promising decentralization, Sun alleges World Liberty changed its systems to give itself the power to blacklist wallets, freeze tokens and block his voting rights.The suit alleges the company’s recent actions only serve to heighten concerns that it is on the “brink of collapse and potential insolvency.” if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.sty...