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Justin Sun Seeks Sanctions Against World Liberty Over Undisclosed UAE Ownership
Tron founder Justin Sun has escalated his legal dispute with World Liberty Financial by seeking sanctions over allegedly misleading ownership disclosures. Sun claims the Trump-linked crypto company concealed its United Arab Emirates (UAE) connections during their ongoing litigation. He argues that the late disclosure undermined his legal strategy and forced unnecessary litigation expenses. Sun initially invested $30 million in WLFI tokens in November 2024, and his total investment eventually reached $45 million. Sun sued World Liberty in April, accusing the company of fraudulently securing his investment and unlawfully freezing his tokens. He also challenged World Liberty’s attempt to move their dispute into private arbitration, arguing that the company’s revised disclosure could undermine federal court jurisdiction and escape federal proceedings. Sun plans to refile his lawsuit in California state court after resolving the sanctions motion.