WLFI Sues Justin Sun for Defamation Over Alleged Token Scheme

2026-05-04 21:14

WLFI, a project associated with the Trump family, has filed a defamation lawsuit against TRON founder Justin Sun in Florida. The lawsuit accuses Sun of engaging in a "short-and-distort" scheme by secretly betting against the $WLFI token while publicly promoting it. WLFI claims that Sun violated investment terms, conducted unauthorized token transfers, and orchestrated public attacks after his assets were frozen. This legal action follows Sun's previous lawsuit against WLFI, where he accused the firm of fraud, coercion, and freezing his holdings. The ongoing legal battle highlights the contentious relationship between the two parties over the handling and promotion of the $WLFI token.

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