May 5, 2026

A cryptocurrency venture co-founded by President Donald Trump and his sons has filed a defamation lawsuit against Justin Sun. World Liberty Financial initiated the legal action on Monday, alleging that the crypto billionaire engaged in a public smear campaign against the business.

The lawsuit was submitted in the Eleventh Judicial Circuit Court for Miami-Dade County, Florida. It seeks unspecified damages and a public retraction of statements Sun made on social media concerning World Liberty Financial.

This legal move represents an escalation in the ongoing conflict between the startup and Sun, who is a major investor. In April, Sun had sued World Liberty Financial for fraud, alleging…