Justin Sun Accuses Trump-Backed World Liberty of Using UAE Ties to Escape Federal Court
Tron founder Justin Sun has filed a motion seeking sanctions against Trump-backed World Liberty Financial, accusing the crypto venture of using UAE citizenship ties to escape federal court jurisdiction.
Sun, who invested $45 million in WLFI tokens, alleges that World Liberty first listed Florida as its only citizenship in court disclosures before amending the filing to include 22 members with ties to the UAE. The company now argues the federal court lacks jurisdiction over the case.
Legal Strategy
The dispute stems from Sun's April lawsuit against World Liberty, which he claims misled him into investing and then unlawfully froze his tokens. World Liberty has countersued, alleging Sun shorted WLFI tokens and drove down the price.
I will keep fighting for the transparency this community deserves.
Nationality Question
Sun argues that a company takes on the citizenship of each of its owners, making the entire company foreign if any owner is foreign. He claims World Liberty's late disclosure of UAE citizenship was a tactic to move the case out of federal court.
The motion seeks to make World Liberty and its lawyers bear the costs of their legal strategy. Sun plans to refile his lawsuit in California state court once the sanctions motion is resolved.
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