The New Republic | Billionaire Investor Sues Trump Crypto Firm Over “Criminal Extortion” by Malcolm Ferguson

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Justin Sun, the Chinese billionaire behind several controversial crypto projects, has filed a lawsuit against Trump‑backed venture World Liberty Financial, claiming the firm unjustifiably froze his $45 million worth of tokens, blocked his voting rights and threatened to burn them, and engaged in “criminal extortion” by forcing him to mint and promote its USD‑pegged stablecoin on his TRON network. Sun says he remains a staunch supporter of President Trump’s pro‑crypto agenda but was left with no choice but to seek court intervention after the company refused to unfreeze his assets. The suit also references Sun’s prior legal troubles for unregistered securities and wash‑trading, noting those cases were dropped after Trump’s administration intervened, and portrays the current filing as retaliation for the firm’s alleged misconduct.

Read more: https://newrepublic.com/post/209365/billionaire-investor-justin-sun-sues-trump-crypto-firm-world-liberty

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