Justin Sun Sees 'Significant Win' as WLF Case Remains in Open Court
Justin Sun, founder of TRON, has been involved in a long-standing dispute with World Liberty Financial (WLF), which is linked to President Donald Trump. Recently, Sun's lawyers appeared in a California federal court as WLF attempted to move the case into private arbitration and seal certain documents. Sun was opposed to this idea, wanting the case to remain publicly accessible.
The judge agreed with Sun that the case should remain in open court, but also wants both parties to discuss which company-related claims should proceed through arbitration and which should stay in federal court. This development has led Sun to declare it a 'significant win,' although he still hasn't won the underlying lawsuit.
Sun initially invested $45 million in WLF and received WLFI tokens in return, but now alleges that WLF secretly embedded a backdoor into the $WLFI smart contract. According to Sun, this allows WLF to freeze or destroy any holder's tokens without notice or due process.
Sun claims that WLF used this capability against his own WLFI tokens and threatened him with criminal referrals when he attempted to exercise his legal rights. He also obtained a court order preventing WLF from burning, destroying, reallocating, or permanently disposing of his WLFI tokens.