The Daily Beast Latest Articles | Billionaire Investor Sues Trump Family’s Crypto Project for ‘Extortion’ by Leigh Kimmins

AI generated summary, Read the full article for complete information.

Crypto billionaire Justin Sun has filed a lawsuit in a California federal court against the Trump‑family‑backed World Liberty Financial (WLFI), accusing the firm of “criminal extortion” after it froze his digital tokens and blocked a $30 million early‑bet withdrawal that could have earned him $276 million. Sun, who invested $100 million in WLFI’s governance token and the $TRUMP memecoin and claims to support President Trump, says WLFI cited insufficient identity verification to deny his cash‑out and then pressured him to buy large amounts of its USD1 stablecoin and promote it on his Tron network. He alleges the company’s executives threatened to report him to authorities and used the token restrictions as retaliation when he refused. WLFI, which holds about 38 % of the venture and receives 75 % of proceeds from token sales, denies any conflict of interest, while Sun maintains the lawsuit is necessary to resolve the dispute.

Read more: https://www.thedailybeast.com/billionaire-investor-sues-trump-familys-crypto-project-for-extortion/

#JustinSun #DonaldTrump #WorldLiberty #Trumpfamily #TRONnetwork #ChaseHerro

AI generated summary, Read the full article for complete information.

BBC News | Trump family's crypto firm sued over alleged 'extortion'

AI generated summary, Read the full article for complete information.

The Trump family’s World Liberty crypto venture is being sued by billionaire founder Justin Sun, who alleges the firm – co‑founded by Donald and Eric Trump – illegally froze his WLFI tokens, stripped his voting rights and threatened to “burn” the tokens, constituting an extortion scheme; Sun, who invested $45 million in World Liberty and once saw his tokens valued at over $1 billion, claims the company misled investors, used the Trump brand for fraudulent profit, and blocked him from selling any tokens despite promises of future tradability, while World Liberty denies the accusations and calls Sun’s claims baseless.

Read more: https://www.bbc.com/news/articles/c8x7kxjgq9xo?at_medium=RSS&at_campaign=rss

#JustinSun #DonaldTrump #EricTrump #WorldLiberty #TRONnetwork #ChaseHerro #ElizabethWarren #DevinNunes #KevinMcGurn

AI generated summary, Read the full article for complete information.

Great article on how #Tether (especially on #Tron) facilitates pig butchering scams and so on. Also goes into the extremely under-reported¹ fact that #FTX was a money laundry for Chinese capital flight.

https://cannabiccino.substack.com/p/charting-the-shadow-usd-network-in

¹ basically never reported in mainstream media even though it's blindingly obvious

#China #MoneyLaundering #Banking #USDT #Cambodia #PigButchering #Myanmar #crypto #cryptocurrency #SBF #Fraud #Scam #Scams #Tron #blockchain #TronNetwork #JustinSun

Just in: #Tether Treasury minted 1 billion $USDT on the #TronNetwork roughly 25 minutes ago!

#CoinPedia #crypto #cryptocurrency