Justin Sun seeks sanctions against WLFI over late disclosure of UAE citizenship

The story so far: Justin Sun lawsuit against World Liberty Financial

Justin Sun sued World Liberty Financial in April over alleged fraud, frozen tokens and poor disclosure, saying he invested $45m. His lawyers now seek sanctions against WLFI over late disclosure of a shareholder's UAE citizenship, and he plans to refile the fraud suit in California state court.

1. 22 Oct 202614:53 UTC

   Justin Sun says his WLFI lawsuit is a normal investor action and he remains bullish on US crypto…

   Justin Sun said his lawsuit against World Liberty Financial is a normal commercial investor action, citing alleged insufficient investment transparency, poor disclosure and suspected fraud, and that the case is before a California federal court. He said the suit does not change his support for President Trump's crypto policy and AI strategy, and that he remains heavily invested in US tech stocks.

   RegulationChainCatcherAIBullish

2. 3 Nov 202615:34 UTC

   Justin Sun says lawyers seek sanctions against WLFI over late disclosure of shareholder's UAE…

   Justin Sun says his lawyers have applied for sanctions against World Liberty Financial, alleging it disclosed a shareholder's UAE citizenship only months after he sued. Sun says he invested $45m in WLFI and sued in April over alleged fraud and frozen tokens.

   RegulationChainCatcherAIBearish

3. 3 Nov 202615:45 UTC

   Justin Sun seeks sanctions against WLFI over late disclosure of UAE citizenship

   Justin Sun said his lawyers asked a US federal court to sanction World Liberty Financial and its lawyers over the late disclosure of its UAE citizenship; he has invested $45m in WLFI tokens and plans to refile his fraud suit in a California state court.

   RegulationPANewsAIBearish