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

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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

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