Trump Family Sucked Into Legal Battle With Billionaire Suing Them for ‘Extortion’

Spencer Platt/Getty Images World Liberty Financial, the cryptocurrency venture co-founded by Donald Trump and his sons, has launched a counter-defamation suit against a billionaire who is accusing the project of extortion. The Trump-backed World Liberty Financial accuses crypto entrepreneur Justin Sun of attempting a “coordinated media smear” in order to “destroy” the cryptocurrency community’s trust in World Liberty and “tank” the price of its eponymous token. Sun sued World Liberty Financial in April, alleging that it had illegally frozen tens of millions of dollars’ worth of WLFI tokens and prevented him from selling off his stash, potentially costing him hundreds of millions of dollars. Read more at The Daily Beast.

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