Donald Trump · United Arab Emirates · U.S. · CryptoSlate
Justin Sun demands court sanctions over Trump-linked World Liberty Financial’s hidden UAE owners
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◎ Multiple-sources
Justin Sun accused the President Donald Trump-backed crypto firm World Liberty Financial of concealing UAE citizenship to escape his federal lawsuit.
Key facts
- In January 2025, days before Trump's inauguration, an investment vehicle backed by UAE National Security Adviser Sheik Tahnoon bin Zayed Al Nahyan agreed to acquire a 49% stake in World Liberty
- The agreement, signed by Eric Trump, directed approximately $187 million to Trump family-controlled entities, according to reporting on the transaction
- The disclosure introduced another controversy surrounding the president's cryptocurrency business, which has promoted itself as an American financial venture despite a reported $500 million
- Justin Sun accused the President Donald Trump-backed crypto firm World Liberty Financial of concealing UAE citizenship to escape his federal lawsuit
Summary
01 Justin Sun accused Trump's World Liberty Financial of concealing UAE ownership ties until months into his $45 million federal lawsuit. 02 The Trump-linked crypto firm marketed itself as proudly American but later invoked UAE citizenship to challenge US federal jurisdiction. 03 Sun is seeking sanctions against World Liberty and its lawyers, raising questions about why its foreign ownership was disclosed so late. The Tron founder said on Nov. 3 that his lawyers had requested sanctions against World Liberty Financial and its attorneys after the company disclosed foreign ownership connections months into litigation over his $45 million investment.