Justin Sun said on X that his lawyers have asked a federal court in California to sanction World Liberty Financial over what he described as a delayed disclosure involving UAE nationality in the company’s ownership chain. Sun said he was among World Liberty’s earliest and largest investors, agreeing in November 2024 to buy $30 million worth of WLFI tokens before increasing his total investment to $45 million. He also said he sued the company in April this year, alleging that it misled investors and froze tokens. According to Sun, World Liberty initially disclosed only that it was a citizen of Florida, then later supplemented that filing with 22 ownership members tied to Florida, Delaware, Puerto Rico and the United Arab Emirates after a judge indicated that some claims should remain in court. The report was cited by Decrypt.
Justin Sun said in a post on X that his lawyers have asked a federal court in California to sanction World Liberty Financial, alleging that the company delayed disclosing that its ownership chain included UAE nationality.
Sun said he was one of World Liberty’s earliest and largest investors. He said he agreed in November 2024 to purchase $30 million in WLFI tokens, and later raised his total investment to $45 million. In April this year, he sued the company, alleging that it misled investors and froze tokens.
According to Sun, World Liberty initially disclosed only that it was a citizen of Florida. He said the company later supplemented that disclosure with 22 ownership members tied to Florida, Delaware, Puerto Rico and the United Arab Emirates after a judge indicated that some claims should remain in court.
The report cited Decrypt as the source.
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