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The Independent UK
The Independent UK
Technology
Joe Sommerlad

Billionaire investor files fraud lawsuit against Trump crypto venture and claims it’s on ‘verge of collapse’

Billionaire businessman Justin Sun has filed a lawsuit against the Trump family’s cryptocurrency venture World Liberty Financial, claiming his multi-million dollar investment was secured through fraud and alleging that WLF is “on the verge of collapse.”

Sun claims his tokens have been indefinitely frozen and his voting rights revoked since he refused to accept the terms of a new governance proposal submitted on April 15, which required that 10 percent of all company advisers’ tokens be permanently burned.

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