Justin Sun says Trump-linked World Liberty hid UAE ownership to escape federal court
Cryptopolitan · Tue, 03 Nov 2026 21:53:30 GMT
Hype 6/100 · Market impact 95/100 · Breaking 60/100
Tags: TRX
Tron founder Justin Sun asked a federal court to sanction Trump-linked crypto company World Liberty Financial, alleging it concealed its United Arab Emirates ownership for months. Sun said on November 3 that his lawyers filed the request the previous night; he says he invested $45 million in WLFI tokens and sued World Liberty in April over alleged fraud and frozen holdings. World Liberty initially told the court it was a Florida citizen with one entity in its ownership chain, but an amended filing lists 22 entities and citizenship in Florida, Delaware, Puerto Rico and the UAE. Sun argues the UAE link could remove federal jurisdiction because a company assumes its owners’ citizenship, so one foreign owner makes it foreign.
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