"World Liberty Financial alleges that Sun engaged in prohibited token transfers, straw purchases through third parties, and short selling of the company's WLFI token. The complaint further asserts that Sun was fully aware of the protocol's right to freeze user tokens to protect the community and adhere to governing agreements."
"Rather than acting in good faith, Justin Sun chose to defame World Liberty repeatedly, publicly, and to millions of followers, Tom Clare, an attorney for World Liberty Financial, said in a statement."
World Liberty Financial filed a defamation lawsuit against Justin Sun, claiming he spread false information about the company. The lawsuit alleges Sun engaged in prohibited token transfers and short selling of the WLFI token. Sun's actions reportedly caused volatility in the token's value. The legal action follows Sun's previous claim that WLF illegally froze $75 million of his holdings. WLF aims to protect its stakeholders and correct the record regarding Sun's public statements.
Read at news.bitcoin.com
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