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WLFI Lawsuit Sparks Response: Justin Sun Calls It ‘Meritless’

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The rapidly deteriorating relationship between the previous allies, the Trump-linked World Liberty Financial challenge and Justin Sun, took one other step within the improper route earlier at present.

The DeFi challenge responded to Sun’s latest authorized actions by submitting its personal defamation lawsuit in Florida, accusing him of spreading false claims to his thousands and thousands of followers. WLFI additionally requested damages alongside a retraction.

The pressure between the 2 events started a number of weeks in the past when WLFI launched a proposal to transform over 62 billion tokens from indefinite lock to a hard and fast vesting schedule. Holders who didn’t agree might have their tokens locked indefinitely, however they might nonetheless have used them for governance.

Sun referred to the choice as “probably the most absurd governance scams” he had ever seen and claimed it penalizes dissent and turns participation into coercion quite than open governance.

Shortly after, he filed a lawsuit in a California federal court docket towards the Trump Family-linked crypto challenge to guard his rights as a significant holder of WLFI tokens.

The counter lawsuit from WLFI reads that Sun has “launched a coordinated media smear marketing campaign towards World Liberty Financial and refused to cease even when confronted with the reality.”

The X put up went additional, alleging that The New York Times and different main retailers, which beforehand defined how the SEC had accused Sun of fraud, have now joined his ‘smear’ marketing campaign towards the Trump and Witkoff households.

The Tron founder responded virtually instantly, calling the counter lawsuit ‘nothing greater than a meritless PR stunt.’

The put up WLFI Lawsuit Sparks Response: Justin Sun Calls It ‘Meritless’ appeared first on CryptoPotato.

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