Donald Trump Jr. denies rumors World Liberty Financial is falling apart
World Liberty Financial co-founder Donald Trump Jr. and co-founder and CEO Zach Witkoff pushed back on recent online rumors as the crypto firm battles Justin Sun in court.
What to know:
- Donald Trump Jr. and World Liberty Financial chief executive Zach Witkoff rejected social media rumors in Miami that the Trump-linked crypto platform is collapsing or losing Trump family support.
- The company recently sued Tron founder Justin Sun in Florida, accusing him of gross misconduct in WLFI token purchases and of using influencers and bots to spread defamatory claims, after Sun earlier sued WLFI in California over frozen tokens.
- Witkoff defended WLFI’s USD1 stablecoin as fully backed with real-time, on-chain proof of reserves via Chainlink and said the firm would not have filed its case against Sun without strong evidence.
“Just because they say it doesn’t mean it’s true,” Trump Jr. said about reports in the media. “Narratives get created. They’re driven, and they’re bot-farm based.”
The comments came days after World Liberty filed a defamation lawsuit against Sun in Florida state court. The suit alleges Sun engaged in “gross misconduct” tied to WLFI token purchases and used influencers and bots to spread false claims about the company.
Sun had previously sued WLFI in California federal court, claiming the company unfairly froze his WLFI tokens.
At the Miami event, Witkoff addressed rumors that Trump family members had distanced themselves from the project after WLFI removed a team page from its website.
“I think I saw on Twitter at one point that, you know, Don and Eric had abandoned the project,” Witkoff said. Trump Jr. dismissed the speculation.
