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The Tron founder accused the Trump family backed crypto venture of withholding ownership details during their ongoing $45 million legal dispute.
Tue 3 Nov 2026 · 10:23 EST · 2 min read
In Finance
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Tron founder Justin Sun said Tuesday that his lawyers filed a motion seeking sanctions against World Liberty Financial, accusing the Trump family backed crypto venture of failing to disclose its UAE citizenship until months into their ongoing legal dispute.
In a statement on X, Sun said World Liberty initially identified Florida as its sole citizenship in federal court filings. The company later amended its disclosure to identify 22 entities in its ownership chain, claiming citizenship in Florida, Delaware, Puerto Rico and the United Arab Emirates.
The amended disclosure came shortly after an August court hearing over World Liberty’s attempt to move Sun’s claims into private arbitration. Sun alleges the company subsequently used its UAE citizenship to challenge the federal court’s jurisdiction over the case.
“World Liberty was proudly American when it was selling tokens. It discovered its UAE roots only when it needed a way out of an American federal courtroom,” Sun wrote in a separate post.
Sun argued that the company should have disclosed its foreign ownership at the start of the proceedings, adding that his legal team spent months and hundreds of thousands of dollars opposing World Liberty’s arbitration request.
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The dispute stems from Sun’s $45 million investment in WLFI tokens, which began with a $30 million purchase in November 2024. He sued the company in April, alleging fraud and the unlawful freezing of his holdings. World Liberty has rejected his allegations and filed a defamation lawsuit against him.
Sun said he intends to refile his lawsuit in California state court once the federal court resolves his sanctions motion.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.