Billionaire Investor Sues Trump Family’s Crypto Project for ‘Extortion’

Crypto billionaire Justin Sun has sued the Trump family’s World Liberty Financial, accusing the project of “criminal extortion.”

The case, brought in a California federal court, alleges that WLFI froze Sun’s digital tokens and blocked him from cashing out a $30 million early bet that he claims could have netted him $276 million.

Sun, who became the project’s first major investor shortly after President Donald Trump’s re-election in 2024, said he remains “an ardent supporter of President Trump and the Trump family” but insisted the suit was necessary.

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