Crypto entrepreneur Justin Sun has filed a lawsuit in California federal court against World Liberty Financial, a firm backed by former President Donald Trump. Sun claims the company wrongfully froze all of his WLFI tokens without justification, stripping him of his voting rights on governance proposals.
Sun, a major investor in the venture, stated that the project team rejected his requests to unfreeze the tokens and reinstate his rights. He indicated that he was left with no alternative but to pursue legal action.
World Liberty Financial has declined to comment on the ongoing litigation.