Categories: Crypto

Justin Sun Calls It ‘Meritless’




He added that he stands by his actions as the lawsuits between the two parties unfold.

The quickly deteriorating relationship between the former allies, the Trump-linked World Liberty Financial project and Justin Sun, took another step in the wrong direction earlier today.

The DeFi project responded to Sun’s recent legal actions by filing its own defamation lawsuit in Florida, accusing him of spreading false claims to his millions of followers. WLFI also requested damages alongside a retraction.

The tension between the two parties began several weeks ago when WLFI released a proposal to convert over 62 billion tokens from indefinite lock to a fixed vesting schedule. Holders who didn’t agree could have their tokens locked indefinitely, but they could still have used them for governance.

Sun referred to the decision as “one of the most absurd governance scams” he had ever seen and claimed it penalizes dissent and turns participation into coercion rather than open governance.

Shortly after, he filed a lawsuit in a California federal court against the Trump Family-linked crypto project to protect his rights as a major holder of WLFI tokens.

The counter lawsuit from WLFI reads that Sun has “launched a coordinated media smear campaign against World Liberty Financial and refused to stop even when confronted with the truth.”

The X post went further, alleging that The New York Times and other major outlets, which previously explained how the SEC had accused Sun of fraud, have now joined his ‘smear’ campaign against the Trump and Witkoff families.

You may also like:

The Tron founder responded almost immediately, calling the counter lawsuit ‘nothing more than a meritless PR stunt.’

https://twitter.com/justinsuntron/status/2051289314009727120?ref_src=twsrc%5Etfw” target=”_blank



Source link

Adam Forsyth

Share
Published by
Adam Forsyth

Recent Posts

Bitcoin Price Forecast: BTC USD Hits the ‘Magnet Zone’ at $80K

The latest Bitcoin price forecast is a fascinating one, as BTC USD is trading near…

11 minutes ago

DHS Demanded Google Surrender Data on Canadian’s Activity, Location Over Anti-ICE Posts

The Department of Homeland Security tried to obtain a Canadian man’s location information, activity logs,…

21 minutes ago

Ripple Execs Are Firing Back And XRP Investors Could Be In For A Good Time

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple executives…

1 hour ago

US healthcare marketplaces shared citizenship and race data with ad tech giants

Almost all of the 20 U.S. state government-run health insurance marketplaces shared residents’ application information…

1 hour ago

Remittance Giant Western Union Ditches Legacy Rails for Its Own Stablecoin

Key Takeaways: Western Union launched its 1st stablecoin, USDPT, on Solana with Anchorage Digital Bank.…

1 hour ago

Bitmine adds 101,745 ETH as holdings hit 5.18m tokens

Bitmine Immersion Technologies said its Ethereum holdings reached 5,180,131 ETH as of May 3.  Summary…

2 hours ago