Trump family’s crypto project sues billionaire backer Justin Sun

The Trumps’ World Liberty Financial accused Sun of launching a ‘public smear campaign’1-MIN READ1-MIN0ListenPublished: 11:42pm, 4 May 2026World Liberty ⁠Financial, the crypto venture co-founded ⁠by US President Donald Trump and his sons, said on Monday it had filed a defamation lawsuit against Hong Kong-based crypto entrepreneur Justin Sun, in the latest escalation of a dispute ‌between the project and one of its most prominent backers.World Liberty posted a copy of its lawsuit on X in which it accused Sun of launching a “public smear campaign” including claims that it said were false.The crypto project – one of several lucrative crypto businesses ⁠co-founded or controlled by the Trump family – said that Sun had done things ‌he was not allowed to do with his tokens, including transferring them to crypto exchange Binance. What is Polymarket, the gambling site that lets you bet on almost everything?What is Polymarket, the gambling site that lets you bet on almost everything?In April, Sun sued World ‌Liberty Financial saying the company had illegally frozen the tokens he ⁠had bought. ⁠Sun said World Liberty secretly installed tools to prevent the sale of his tokens after they ‌became tradeable in September 2025.