‘Meritless PR stunt’: Justin Sun downplays Trump-backed WLFI defamation countersuit as frozen token dispute escalates
Summary
The Trump-backed DeFi project World Liberty Financial (WLFI) has filed a defamation countersuit against Tron founder Justin Sun, accusing him of orchestrating a malicious smear campaign. This legal action follows Sun's own lawsuit against the firm for freezing his token holdings, now valued at approximately $240 million. WLFI alleges that Sun violated contractual obligations and used bots and influencers to damage the project after his assets were blocked, while Sun dismisses the countersuit as a "meritless PR stunt" and maintains that his public criticism is justified.
(Source:The Block)