News
Justin Sun Accuses World Liberty Financial of Using UAE Ties to Escape Federal Court
Tron founder Justin Sun has asked a federal court in California to sanction World Liberty Financial, alleging the Trump family-backed venture delayed disclosing its ownership chain, which includes citizenship in the United Arab Emirates (UAE), to avoid federal jurisdiction over Sun's lawsuit. Sun claims he is one of World Liberty’s earliest and largest investors, having agreed to buy $30 million of its WLFI tokens and later increasing his investment to $45 million. Sun sued the company for allegedly misleading him into investing and unlawfully freezing his tokens. World Liberty counters that Sun shorted WLFI and drove down its price. The dispute hinges on a technical point: Sun sued in federal court, which generally cannot hear a foreign plaintiff's case against a foreign defendant. Sun argues that World Liberty's late disclosure of its ownership chain, listing only itself with citizenship in Florida, was a tactic to move the case out of federal court. Sun's motion seeks to make World Liberty and its lawyers bear the burden of the late disclosure.