Justin Sun Seeks $264K Sanctions Against Trump-Linked World Liberty Financial Over UAE Ties
Justin Sun is seeking sanctions against World Liberty Financial, alleging the Trump family-backed crypto venture hid its UAE citizenship ties in an effort to escape federal court jurisdiction, according to The Block and CoinDesk.
Decrypt reports that Sun has asked a federal court to sanction the firm, claiming World Liberty delayed disclosing the UAE ties that could defeat federal jurisdiction over his lawsuit. Cointelegraph reports the sanctions sought amount to Justin Sun seeks $264K sanctions over World Liberty’s UAE disclosure.
Sun’s underlying dispute involves a Sun says World Liberty Financial hid its UAE citizenship to escape federal court, and plans to refile his $45M lawsuit in California state court.
lawsuit against World Liberty, according to The Block. Sun intends to refile that token-freeze lawsuit in California state court once the sanctions motion is resolved, according to Cointelegraph, which also reports a hearing has been scheduled for Dec. 10.
The case adds legal pressure on World Liberty Financial, a decentralized finance venture tied to the Trump family, as it faces scrutiny over jurisdictional disclosures tied to its UAE connections.
Sources: The Block, CoinDesk, Decrypt, Cointelegraph
This article is for information only and is not financial advice.
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