World Liberty Financial (WLFI) co-founder Eric Trump defended the company on Wednesday against the lawsuit filed by Tron (CRYPTO: TRX) founder Justin Sun.
Trump Trashes Sun’s Lawsuit
Trump said in an X post that the “only thing more ridiculous” than the lawsuit was spending $6 million on a duct-taped banana artwork, throwing a jibe at Sun’s attention-grabbing purchase in 2024.
“We are incredibly proud of the World Liberty Financial team,” Trump added.
Sun Was Once A Trump Adherent
Not long ago, Trump described himself as the “biggest fan” of the Tron ecosystem and praised Sun as a “great friend.”
In fact, Trump was pictured smiling alongside Sun, both holding the duct-taped banana he today dismissed as “ridiculous.”
Fellow co-founder Zach Witkoff had earlier dubbed Sun’s lawsuit a “desperate attempt” to divert attention from his own “misconduct.”
“He engaged in misconduct that required World Liberty to take action to protect itself and its users,” Witkoff said. “His claims are entirely meritless, and World Liberty looks forward to getting the case thrown out promptly.”
Sun didn’t immediately return Benzinga’s request for comment.
Start Of A New Crypto Rivalry?
The latest development marked another low point between Sun, an influential cryptocurrency mogul, and the Trump family-backed cryptocurrency platform.
Sun filed a lawsuit in a California federal court on Tuesday, claiming he was left with “no choice.” He has accused the firm of having a governance structure that is “hollowed from the inside,” with only one person having the “unilateral power to freeze any token holder’s assets.”
Sun’s wallet was blacklisted last year following a transfer of WLFI worth more than $9 million to an unknown address.
Interestingly, the Chinese-born entrepreneur was among the high-profile guests at the gala dinner hosted by Trump for holders of his Official Trump (CRYPTO: TRUMP) memecoin.
Price Action: At the time of writing, WLFI was trading at $0.07712, down 3.15% in the last 24 hours, according to data from Benzinga Pro.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Maxim Elramsisy On Shutterstock.com
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