World Liberty Financial has filed a lawsuit against Tron founder Justin Sun in the Florida state court. The company accuses Sun of grossly violating the terms of the WLFI token purchase agreement.
The lawsuit followed a countersuit filed by Sun himself in federal court in California, where the Tron founder accused World Liberty of illegally freezing his WLFI tokens. In its countersuit, World Liberty claims that entities associated with Sun acquired WLFI tokens through front companies acting on behalf of third parties and may have engaged in short selling of the token. According to the company, the freeze on the tokens was implemented to protect itself and the broader community.
In addition, World Liberty accuses Sun of orchestrating a large-scale, deliberate short-selling campaign aimed at artificially depressing the price of WLFI at the time of its public launch—allegedly by transferring $300 million to Binance from wallets linked to Sun. The company also alleges that Sun hired influencers and used bots to spread false statements about the token freeze, resulting in lost business opportunities for specific clients.
The company is seeking compensation for damages, legal costs, and a retraction of Sun’s statements.