Justin Sun Seeks Sanctions as World Liberty’s UAE Citizenship Pushes His Suit Toward State Court
By Unchained
AI summary of the source article
Justin Sun's lawyers moved to sanction crypto venture World Liberty Financial for allegedly failing to disclose UAE citizenship earlier in federal litigation. Sun plans to refile his fraud suit in California state court once the sanctions request is decided.
Why it matters
Sun said he filed the motion "to hold World Liberty and its lawyers accountable for what I believe was a misleading disclosure to the Court."
Key facts
- Sun moved to sanction World Liberty Financial for failing to disclose its UAE citizenship until months into the litigation.
- Sun sued WLF in April, accusing the venture of fraud regarding an investment totaling $45 million and unlawfully freezing his tokens.
- WLF's revised ownership disclosure listed 22 members spanning Florida, Delaware, Puerto Rico, and the UAE, leading WLF to argue the dispute does not belong in federal court.
Source excerpt · Unchained
The Tron founder says WLF's ownership disclosure went from one Florida entity to 22 members, with UAE citizenship among them, after an August hearing went partly his way, and that WLF now argues the federal court can't hear the case. The post Justin Sun Seeks Sanctions as World Liberty’s UAE Citizenship Pushes His Suit Toward State Court appeared first on Unchained .