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Tron founder sues Trump-backed crypto project over undisclosed UAE ownership and token freeze.

Market News
03 Nov 2026, 17:23 WIB
Crypto Briefing
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Bearish
Tron founder sues Trump-backed crypto project over undisclosed UAE ownership and token freeze.

Justin Sun, founder of Tron, filed a federal lawsuit against the Trump family-backed crypto project World Liberty Financial (WLF) alleging fraud, breach of contract, and unlawful freezing of his $45 million worth of WLFI tokens. Sun's lawyers have now asked the court to sanction WLF for allegedly failing to disclose its UAE ownership ties, which could affect the court's jurisdiction. The dispute centers on a 'blacklisting' feature in the WLFI smart contract that blocked Sun's token transfers without proper notice or vote. WLF countersued for defamation, and the case now involves complex issues of corporate transparency, foreign ownership, and token governance, with significant implications for investor rights and contract disclosures in crypto projects.

The legal battle involving Justin Sun and World Liberty Financial highlights ongoing challenges in crypto governance and investor rights. On Pluang, TRX (Tron) trades at Rp5.803 with a slight 0.29% decrease as of Nov 03, 2026 22:42 WIB. The token shows active engagement with a market cap of Rp555,47 trillion and a 24-hour trading volume of Rp9,03 trillion, while typical holders keep their TRX for about 76 days.

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