Justin Sun just sued Trump-backed World Liberty Financial.
Web3 has its own high-profile courtroom drama.
Here’s what’s happening👇
- Justin Sun claims WLFI wrongfully froze all of his $WLFI tokens - They stripped his voting rights on governance proposals - And allegedly threatened to permanently burn his tokens
Sun says he first tried to resolve the issue privately, but received no response so he took it to court.
The biggest flashpoint is a new governance proposal that would force token holders to accept stricter terms (including long vesting schedules and potential token burns) or have their tokens locked indefinitely.
Sun argues this violates core principles of decentralization and transparency.
Ironically, Sun continues to publicly support Trump while accusing the Trump family-backed project of going against those same values.
A BBC investigation found repeated spikes in trading minutes or even hours before major announcements
Key examples: → Oil bets placed 47 mins before war update, prices later crashed ~25% → Unusual trades 14 mins before “resolution” post, oil dropped again → Stocks surged after heavy buying just before tariff pause
Analysts say it resembles insider trading, but proving it is extremely difficult