Trump family's crypto company under fire from major investor

Justin Sun, among the largest investors in the Trump family’s primary crypto company, claims the company is misleading investors.

Justin Sun, among the largest investors in the Trump family’s primary crypto company, claims the company is misleading investors. It’s the most prominent instance yet of a crypto insider aligned with President Donald Trump calling out his family’s crypto dealings, which Democrats have said benefit from the president’s authority.

Subscribe to read this story ad-free

Get unlimited access to ad-free articles and exclusive content.

Sunday on X, Sun, a billionaire who is among the most recognizable figures in the crypto industry, accused the Trump group, World Liberty Financial, of setting up a system that grants company officials unilateral power over user accounts. That includes the ability to freeze them.

Sun alleges that his account has been subject to a freeze since September and that he has not been able to sell his holdings. According to analysis by the blockchain tracking group Bubblemaps, the value of the holdings Sun has allegedly been unable to move has declined by more than $80 million, to about $43 million. Sun has said he spent at least $75 million on World Liberty tokens, at one point becoming its largest investor.