Cointelegraph Justin Sun Seeks $264K Sanctions Against World Liberty Financial Over UAE Citizenship Disclosure
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- •Justin Sun seeks $264K in sanctions against World Liberty Financial for misleading disclosures.
- •World Liberty initially claimed Florida citizenship before revealing UAE ties after legal questioning.
- •Sun plans to refile his lawsuit in California state court after the sanctions motion is resolved.
Justin Sun, founder of Tron, is pursuing $263,821.20 in sanctions against World Liberty Financial (WLFI) for allegedly failing to disclose its UAE citizenship during a legal dispute over his $45 million investment in WLFI tokens. Initially, WLFI listed Florida as its sole citizenship but later amended its disclosure to include 22 entities, including those in the UAE, shortly after a court hearing questioned its jurisdiction. Sun claims this omission led to substantial legal costs as his lawyers opposed WLFI's arbitration request. He plans to refile his lawsuit in California state court once the sanctions motion is resolved, with a hearing scheduled for December 10. Sun's allegations include that WLFI's lawyers were aware of their ownership structure but did not disclose it when the lawsuit was initiated in April 2026.
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