A billionaire crypto mogul has filed a federal lawsuit against a Trump-affiliated project, alleging he was duped out of $276m.
Justin Sun, a prominent figure in the crypto world, claims World Liberty Financial (WLFI) froze his tokens, preventing him from selling them and causing significant losses.
The lawsuit marks a dramatic turn in a relationship that once seemed mutually beneficial, with Sun being the first major backer of WLFI.
WLFI has denied any wrongdoing, with its CEO calling Sun's claims 'entirely meritless.'
The episode has raised questions about the Trump family's involvement in the project and the credibility of crypto investments.
