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Trump-backed crypto firm accuses billionaire investor of smear campaign, vows to ‘correct the record’ in court
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World Liberty Financial, a group started by the Trump and Witkoff families, is accusing Justin Sun, a crypto billionaire and one of their investors, of waging a deliberate smear campaign to tank a crypto product he was allegedly betting against.
«Justin Sun chose to defame World Liberty — repeatedly, publicly and to millions of followers. World Liberty filed this lawsuit as a last resort to correct the record and to protect its token holders, its employees and all its stakeholders,» Tom Clare, World Liberty Financial’s attorney, said in a press release.
«We are eager to expose the falsity of Sun’s statements in court and in public.»
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Justin Sun, founder of Tron, during the Token2049 conference in Singapore, on Thursday, Oct. 2, 2025. (Suhaimi Abdullah/Bloomberg via Getty Images)
Sun, a crypto dealmaker and the founder of TRON blockchain, a cryptocurrency platform, announced a $30 million investment of WLFI in November 2024, calling himself the company’s largest backer at the time.
«We are thrilled to invest $30 million in World Liberty Financial as its largest investor. The U.S. is becoming the blockchain hub and Bitcoin owes it to [President Donald Trump],» Sun wrote in a post to X.
Two years later, World Liberty Financial is accusing Sun of, first, violating his agreement with the company as an investor by shorting WLFI’s token — a position that set him up to profit if the company’s value declined.
In response, World Liberty Financial froze Sun’s assets.
Then, Sun threatened to publicly criticize the company to his millions of followers online if the company didn’t unlock his holdings, according to World Liberty Financial.
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Justin Sun, founder of TRON, during the Bitcoin 2025 conference in Las Vegas, Nevada, US, on Tuesday, May 27, 2025. (Bridget Bennett/Bloomberg via Getty Images)
«Justin Sun engaged in a defamatory campaign to torch World Liberty Financial’s reputation,» Zach Witkoff, the son of Trump’s Special Envoy to the Middle East, Steve Witkoff, posted on X. «He knew his claims were false and made them anyway to harm WLFI token holders. I look forward to the truth coming out in court.»
Eric and Donald Trump Jr. also took to X to amplify a thread posted by their company, which accused Sun of «a coordinated media smear campaign against World Liberty Financial» and said he «refused to stop even when confronted with the truth.»
World Liberty Financial claimed Sun praised the company online, calling it «one of the biggest and most important projects in crypto» and that he was «fully aligned with the mission.»
When the company didn’t unfreeze his assets, Sun published his criticisms of the company, blasting World Liberty Financial’s business and leadership structure and warning viewers to stay away from the organization. According to World Liberty Financial’s suit, Sun even used fake social media «bot» accounts to amplify the claims.
In a post that garnered over 2 million views, Sun claimed the company had built a feature that enabled them to seize users’ digital assets.
«This feature grants the company unilateral power to freeze, restrict, or effectively confiscate the property rights of any token holder—without notice, without reason and without any avenue for recourse,» Sun claimed.
Sun pointed to his own digital assets as evidence of his claims.
«The WLFI team’s conduct is eroding the community’s trust in the project. Unlock the tokens and uphold transparency to the community. Let us build with integrity, not with malfeasance,» Sun said in his post.
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The seal of the U.S. Securities and Exchange Commission is affixed on a wall at SEC headquarters, June 19, 2015, in Washington. On Thursday, Feb. 22, 2024, a Houston man pleaded guilty to securities fraud for trading on inside information from his wife’s business conversations while both were working from home. (AP Photo/Andrew Harnik, File)
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Notably, the U.S. Securities and Exchange Commission (SEC) has accused Sun in the past of selling unregistered securities, manipulating the market to inflate the value of his assets and paying celebrities to promote his products without disclosures.
In that case, the SEC and Sun reached a settlement for $10 million earlier this year, although Sun denied any wrongdoing.
trump trial, trials, finance world, personal freedoms
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AOC-backed Dem connected to Twin Towers bombing terrorist faces congressional pressure after primary win
New Jersey Democratic House nominee tied to ‘Blind Sheikh’ terror trial
New Jersey Democratic congressional nominee Dr. Adam Hamawy is under scrutiny for his ties to convicted terrorist Omar Abdel-Rahman, known as the ‘Blind Sheikh.’ Hamawy testified as a defense witness in Abdel-Rahman’s 1995 World Trade Center bombing trial. Critics are questioning his past associations as he prepares for the general election in a deep-blue district.
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FIRST ON FOX: A top Republican confirmed he will seek a «full investigation» of a likely Democratic colleague whose ties to the 1993 World Trade Center bombing mastermind roiled the 2026 midterm landscape after New Jersey’s Tuesday primaries.
Dr. Adam Hisham Hamawy is a veteran combat plastic surgeon who operates his own practice near Princeton but has been heavily criticized for his ties to and service as a defense witness for terrorist Omar Abdel-Rahman — better known as the «Blind Sheikh» — who later died in a North Carolina federal prison.
Rep. Michael Lawler, R-N.Y., chairman of the House Foreign Affairs Middle East Subcommittee, expressed his concerns about Hamawy serving in Congress and later confirmed to Fox News Digital that he will indeed seek a probe of the controversial progressive.
Hamawy won a 12-way Democratic primary Tuesday for a Central Jersey seat that has not elected a Republican this century — and now faces perennial candidate Prof. Gregg Mele in November.
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Lawler told Fox News Digital that Hamawy’s resume is more than disqualifying for someone whose day job would give him access to the nation’s most sensitive national security information.
«Adam Hamawy was a defense witness for Omar Abdel-Rahman, the Blind Sheikh behind the 1993 World Trade Center bombing, and a year earlier volunteered in Bosnia with an organization the U.S. Treasury designated a financier of terrorism and the 9/11 Commission tied to Osama bin Laden’s network,» Lawler said.
«He has never answered for any of it.»
Lawler questioned Hamawy’s «fit[ness] to serve» in Congress and to be privy to the same information he is on the Foreign Affairs panel.
«If he’s elected in November, I’ll push for a full investigation because the American people deserve the truth.»
Lawler notably represents Rockland County, N.Y. — an area just north of New York City with a sizable Orthodox Jewish population — and has been a steadfast defender of Israel and the Jewish people against threats from Iran and Hezbollah.
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Hamawy previously volunteered at a Gaza hospital amid the conflict.
Lawler’s district recently hosted President Donald Trump’s rally featuring New York Giants quarterback Jaxson Dart — and his visibility on counterterrorism and Israel issues was brought to the fore when Sen. Rand Paul’s, R-Ky., son drunkenly confronted Lawler at a Washington bar and «accused» him of being Jewish during a diatribe about Israel.
The «Trenton Makes» Bridge carries Old U.S. 1 into New Jersey and the 12th district. (Ron Antonelli/Getty Images)
Neighboring Congressman Josh Gottheimer, a Democrat from North Jersey, didn’t directly call for a probe but told Jewish Insider that he has «serious questions and deep concerns» about Hamawy’s «associations with terrorist organization and leaders who have attacked America.»
Like Lawler, Gottheimer said Hamawy must answer for these connections to the people of the Garden State.
Abdel-Rahman’s team called Hamawy as a witness, where he described traveling to Detroit for a conference at which the extremist cleric would appear.
Hamawy testified Abdel-Rahman regularly spoke of «jihad» and that at one point the Sheikh questioned Emad Salem — who later became a government informant — as to why Egyptian President Hosni Mubarak had not yet been assassinated.
Hamawy has blamed Islamophobia for some of the invective directed his way — and pushed back on similar characterizations, including from one of his own Democratic primary challengers, Plainfield Mayor Adrian Mapp.
«Any Muslim is going to be called a terrorist at some point, and these tropes are outdated and worn,» he told the New Jersey Monitor in response to Mapp.
Hamawy’s campaign previously told Fox News Digital that he was in the military when the events covered Abdel-Rahman’s trial took place, and pointed to allies like Sen. Tammy Duckworth, D-Ill., who credited the surgeon with saving her life on the battlefield.
The prosecutor who led the U.S. government’s case against Abdel-Rahman, however, noted how Hamawy appeared voluntarily to defend the Blind Sheikh.
«He didn’t have to come unless he wanted to,» former U.S. Attorney Andrew McCarthy told «The Story» on Wednesday.
Dr. Adam Hisham Hamawy, left; Rep. Mike Lawler, R-N.Y., right. (Islam Dogru/Getty Images; Kevin Dietsch/Getty Images)
«It wasn’t like I subpoenaed him. It wasn’t like the government brought him in as a hostile witness. He volunteered to testify for this guy. He knew exactly who he was. And in fact, on cross-examination, his testimony that he didn’t recall a conversation about Mubarak was not very persuasive,» McCarthy said, referring to the cleric’s trip to Detroit.
Hamawy also greeted Abdel-Rahman from the stand with the Muslim greeting of Salaam Alaykum, suggesting personal familiarity, according to several critics.
When pressed by reporters earlier in the primary, Hamawy argued that Abdel-Rahman was a spiritual leader in the state’s Muslim community and «wasn’t preaching death and destruction all the time» while adding that he himself abhors all violence.
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Hamawy and Abdel-Rahman first met at a middle school forum in Matawan, New Jersey, in 1991, according to the former’s testimony in court.
The candidate did not respond to Fox News’ latest request for comment.
middle east, investigations, counter terrorism, fox news investigates, terrorism, politics
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Honduras condena ataques contra Kuwait y Bahréin y pide evitar una mayor escalada en Oriente Medio
El Gobierno de Honduras condenó los ataques atribuidos a la República Islámica de Irán contra el Estado de Kuwait y el Reino de Bahréin. A través de la Secretaría de Relaciones Exteriores y Cooperación Internacional, expresó su solidaridad con ambos países, sus condolencias a las familias de las víctimas y su preocupación por las consecuencias humanas y materiales.
La administración hondureña difundió su posición oficial en medio de llamados de distintos gobiernos a la moderación ante el riesgo de una escalada en Oriente Medio.
“La República de Honduras expresa su firme condena a los ataques atribuidos a la República Islámica de Irán contra el Estado de Kuwait y el Reino de Bahréin, que han puesto en riesgo la vida y la seguridad de la población civil de ambos países”, señaló el Gobierno en su posicionamiento oficial.
Además de condenar los ataques, el Gobierno hondureño reiteró principios de su política exterior vinculados con el respeto a la soberanía de los Estados, la integridad territorial y la solución pacífica de las controversias.
Las autoridades señalaron que la enfrenta el desafío de evitar una nueva escalada de violencia en una región que durante décadas ha sido escenario de conflictos políticos, militares y religiosos con repercusiones globales.
Para Honduras, la preservación de la paz y la estabilidad internacional requiere el fortalecimiento de los mecanismos diplomáticos y del diálogo entre las partes involucradas.
En ese sentido, el comunicado oficial hizo un llamado urgente a la contención e instó a todos los actores a actuar con prudencia para evitar decisiones que puedan incrementar las hostilidades o ampliar el alcance del conflicto.
Los hechos ocurridos en Kuwait y Bahréin generaron preocupación entre gobiernos, organismos multilaterales y analistas internacionales por el delicado equilibrio político existente en Oriente Medio.
La región concentra intereses estratégicos vinculados con el comercio mundial, las rutas energéticas y la seguridad internacional, por lo que cualquier episodio de confrontación suele ser seguido con atención por la comunidad global.
Aunque Honduras se encuentra geográficamente distante del escenario del conflicto, la Cancillería considera que la paz y la seguridad internacionales son responsabilidades compartidas y que hechos de esta naturaleza requieren una respuesta firme en defensa de los principios establecidos por el derecho internacional.
Uno de los puntos del pronunciamiento hondureño fue la reafirmación de su compromiso con los principios consagrados en la Carta de las Naciones Unidas.
El Gobierno recordó que la convivencia pacífica entre las naciones debe sustentarse en el respeto mutuo, la cooperación internacional y la búsqueda de soluciones negociadas ante cualquier controversia.
También reiteró que el uso de la fuerza y las acciones que ponen en peligro a la población civil deben evitarse mediante el fortalecimiento de los canales diplomáticos y el cumplimiento de los compromisos internacionales asumidos por los Estados.
El mensaje de Honduras incluyó una expresión de solidaridad hacia Kuwait y Bahréin, cuyos gobiernos atraviesan momentos de incertidumbre tras los recientes acontecimientos.
Las autoridades hondureñas señalaron que comparten el dolor de las familias afectadas por la violencia y reiteraron su respaldo a las acciones encaminadas a proteger a la población civil y restablecer las condiciones de seguridad.
El pronunciamiento también reflejó la preocupación por las consecuencias humanitarias que suelen derivarse de los conflictos armados, especialmente cuando impactan zonas urbanas o infraestructura esencial para el funcionamiento de los servicios públicos.
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