Justin Sun seeks $264K sanctions over World Liberty’s UAE disclosure

Tron founder Justin Sun is seeking $263,821.20 in sanctions against World Liberty Financial and its lawyers, accusing the Trump family-linked crypto company of submitting a misleading court disclosure about its ownership in a legal dispute over his $45 million WLFI token investment.

In a federal court filing, Sun and two co-plaintiffs alleged that World Liberty initially listed Florida as its sole citizenship before amending its disclosure nearly three months later to identify 22 individuals and entities in its ownership chain, including those in the United Arab Emirates.

“World Liberty presumably always knew who its owners were,” Sun said. “When we asked how this happened, World Liberty refused to tell us.”

The amended disclosure came six days after a federal judge questioned World Liberty’s bid to move Sun’s claims into arbitration. World Liberty’s lawyers subsequently argued that the company’s UAE citizenship deprived the federal court of jurisdiction because foreign parties were on both sides of the lawsuit.

World Liberty Financial did not immediately respond to Cointelegraph’s request for comment.

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