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Tron’s Justin Sun sues Trump-linked World Liberty Financial over frozen assets

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Tron's Justin Sun sues Trump-linked World Liberty Financial over frozen assets

Tron creator Justin Sun sued World Liberty Financial, the stablecoin and crypto firm backed by members of U.S. President Donald Trump’s family, on Tuesday, alleging that the project had unfairly locked up his $WLFI tokens, made fraudulent misrepresentations, and threatened and defamed Sun.

The lawsuit filed Tuesday, which includes a line about Sun’s support for Trump himself, alleged that World Liberty’s leadership had engaged “in an illegal scheme to seize property” in the form of Sun’s tokens, which Sun alleged he had purchased after being solicited by the World Liberty team in 2024.

“At that pivotal time for World Liberty, Mr. Sun invested $45 million to purchase $WLFI tokens from World Liberty not only because of the project’s claims that it would promote adoption of decentralized finance — an issue Mr. Sun cares deeply about and to which he has devoted much of his life’s work — but also because of theTrump family’s association with the project,” the suit said.

World Liberty asked Sun to continue investing through 2025, including through a request to mint World Liberty’s USD1 stablecoin, the filing said. “By July 2025, when it became clear that Mr. Sun would not invest or mint USD1 on their terms, World Liberty principals became hostile toward Mr. Sun.”

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“World Liberty induced Plaintiffs to make their investments in World Liberty through fraudulent misrepresentations and omissions about the economic rights and liberties that would come with purchasing $WLFI tokens,” the filing said.

These allegedly fraudulent misrepresentations include statements about the rights token holders had, various public statements World Liberty or its executives made about the governance rights of token holders, and statements about “freedom to transact.”

Sun’s suit also alleged that World Liberty, despite presenting itself as a business operating in the decentralized finance sector, had centralized control over its tokens.

According to the complaint, World Liberty changed the smart contract governing $WLFI in August 2025 to add a “blacklisting” function that allowed the company to freeze tokens in specific wallets. The modification was not put to a governance vote or disclosed to investors, Sun alleges, even as token holders had just approved a proposal to make a portion of the supply tradable

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Other allegations in the complaint include that “World Liberty made two overt threats” to Sun and his businesses. Chase Herro, one of World Liberty’s co-founders, allegedly threatened to burn Sun’s $WLFI tokens if Sun did not ask for his tokens to be burned.

“Second, Mr. Herro also falsely claimed that the know-your-customer (‘KYC’) documentation submitted by Mr. Sun and the Sun Companies in connection with their $WLFI token purchases was inadequate,” the filing said.

Herro threatened to report Sun to U.S. authorities, the suit alleged.

Chunks of the lawsuit were redacted. Another filing attached to the lawsuit cited a confidentiality provision, saying Sun’s team was giving the World Liberty team an opportunity to decide whether or not these redacted provisions should remain sealed.

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In a post on X, Sun said he had “tried in good faith to resolve this situation.”

“All I want is to be treated the same as every other early investor who received tokens — no better, no worse,” he said.

A spokesperson for World Liberty Financial said they had no comment on the lawsuit.

“I also want the community to know that I strongly oppose the new governance proposal World Liberty published on April 15,” Sun said in his post.

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Since Trump took office, Sun has visited the U.S. after previously staying away from the country. He was a guest at Trump’s first memecoin dinner (tied to a different Trump-linked crypto project) last year.

Sun settled charges with the U.S. Securities and Exchange Commission last month, agreeing to pay a $10 million fine to resolve a case brought by the previous presidential administration.

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Crypto World

Coinlocally lists Tesla, Amazon, Apple token pairs, launches zero-fee trading

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Coinlocally lists Tesla, Amazon, Apple token pairs, launches zero-fee trading
  • Coinlocally expands into tokenized equities with 10 new stock trading pairs.
  • Users can trade major stock tokens against USDT with zero fees for one month.
  • Move aligns with rising interest in RWAs and blockchain-based financial products.

Coinlocally today launched 10 new tokenized stock pairs on its trading platform and introduced a zero-fee trading campaign for all newly-listed stock pairs.

The new listings include widely recognized companies such as Tesla, Amazon, Apple, NVIDIA, and Alphabet. 

Starting on April 14, users can trade TSLAX, COINX, AMZNX, AAPLX, NVDAX, GOOGLX, MCDX, HOODX, METAX, and CRCLX against USDT with zero trading fees through May 14, 2026.

This new group of listings gives users exposure to some of the most closely Marco watched names across technology, consumer internet, and digital finance, while keeping that access within Coinlocally’s existing trading environment.

Tokenized real-world assets (RWAs) continue to grow across the digital asset market, with more than $26 billion in distributed on-chain value.

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At the same time, interest in tokenized equities has been building as more companies look at blockchain-based versions of traditional financial products.

Coinlocally’s new listings arrive as tokenized stocks begin to attract wider attention from both crypto platforms and traditional market infrastructure players.

“We want users to be able to access newly-listed tokenized stock markets without extra cost during the launch period,” said Sam Baumann, COO at Coinlocally.

Listing these pairs with zero-fee trading is a practical way to make the product easier to try and more accessible to a wider range of traders.

The rollout reflects Coinlocally’s broader strategy of connecting traditional market exposure with digital asset trading.

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The platform supports more than 600 digital assets across spot, margin, and futures markets, with tools for both retail and professional users.

The new tokenized stock pairs expand that offering by bringing another set of familiar market names onto the platform.

Coinlocally has also been building out a wider product ecosystem beyond its main trading markets.

In addition to spot and derivatives trading, the platform offers services such as P2P trading, Earn, Launchpad, and educational resources aimed at users with different levels of experience.

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Within that broader mix, the new stock pairs give users another way to access tokenized versions of traditional assets without leaving the platform. 

Users can visit Coinlocally’s trading platform to explore the newly listed tokenized stock pairs and start trading with zero fees.

About Coinlocally

Founded in 2020, Coinlocally is a global fintech and digital asset exchange offering secure, fast, and transparent access to cryptocurrency and forex markets.

With high liquidity and advanced trading tools, including spot, futures, bot trading, grid strategies, and copy trading, the platform serves both beginners and professional traders worldwide.

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Coinlocally’s mission is to bridge traditional finance with the emerging world of decentralized finance, empowering users with greater control of their assets through a compliance-driven, seamless transition from centralized (CEX) to decentralized (DEX) trading and broader Web3 innovation.

For more information, users can visit coinlocally.com or follow Coinlocally on Telegram or X.

This article is authored by a third party, and CoinJournal does not endorse or take responsibility for its content, accuracy, quality, advertisements, products, or materials. Readers should independently research and exercise due diligence before making decisions related to the mentioned company.

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Uzbekistan Launches Crypto Mining Zone in Karakalpakstan

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Uzbekistan Launches Crypto Mining Zone in Karakalpakstan

Uzbekistan has created a special crypto mining zone across Karakalpakstan under a presidential resolution signed on April 17, opening a supervised framework that lets approved mining companies sell mined digital assets on foreign platforms while keeping the proceeds inside the country’s banking system.

A presidential decree effective April 20 creates the “Besqala Mining Valley,” a special mining zone across the Republic of Karakalpakstan, where registered legal entities can carry out crypto mining, use a mix of power sources and apply for resident status through a new directorate under the republic’s Council of Ministers.

The framework gives miners in the zone the right to sell crypto assets obtained through mining on national crypto exchanges or foreign platforms, including through direct contracts, and to exchange them for other liquid crypto assets. Still, the opening comes with strict controls over how mining revenues move through the financial system, and proceeds from those sales must be transferred to bank accounts in Uzbekistan.

Tax breaks aim to lure miners

The decree also provides for a tax exemption through Jan. 1, 2035, while requiring them to pay a monthly fee equal to 1% of income from mining activity to the zone’s directorate. The resolution separately instructs officials to submit draft amendments to Uzbekistan’s tax code within two months.

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The new decree adds to Uzbekistan’s recent use of special-zone incentives in Karakalpakstan to attract investment into a region that a 2025 United Nations Development Programme report described as having high poverty rates and limited industrial development.

The new framework also adjusts Uzbekistan’s earlier approach to crypto mining. In 2023, Uzbekistan’s National Agency for Perspective Projects (NAPP) issued a decree on licensing crypto mining operations, requiring firms to only use solar power to mine digital assets. 

The new decree allows a wider mix of power sources within the zone, including renewable, hydrogen and grid electricity, with higher tariffs applied for grid usage.

Related: Uzbekistan increases fees for crypto operations

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Uzbekistan expands special-zone strategy to draw investment

The move also fits a broader investment strategy in Karakalpakstan. According to a Reuters report in November 2025, the government had established a separate tax-free zone for artificial intelligence and data center projects, offering discounted electricity and tax exemptions to draw foreign investors. 

Under the initiative, foreign firms investing $100 million or more get full tax and duty exemptions until 2040. According to the report, Uzbekistan expects to attract over $1 billion in foreign investment by 2030 from the AI special zone project. 

Related: Uzbekistan greenlights stablecoins for payments under new sandbox regime

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