Top Trump crypto backer Justin Sun says his World Liberty tokens 'unreasonably' frozen [View all]

Sept 5 (Reuters) - Justin Sun, one of the biggest known backers of President Donald Trump's World Liberty Financial crypto venture, said on Friday that his tokens connected to the project had been frozen, without giving further details.

Sun had spent at least $75 million on World Liberty Financial tokens, known as $WLFI, according to his posts on X. The tokens became publicly tradable on Monday and fell in value.

Sun is the second-largest known investor of World Liberty, and his early buy into the firm last year of $30 million matched the amount the company said it needed to jumpstart operations. Sun later said his investment totalled $75 million. Sun is also an adviser to World Liberty, and has used his crypto platforms to boost its flagship offering, stablecoin USD1.

The Trump family stake in World Liberty has made them hundreds of millions of dollars through their cut of token sales. Those riches have come at a time when Donald Trump has publicly backed the crypto industry, giving rise to broad criticisms of conflict of interest given that some of the family's business partners have in the past faced regulatory actions by the government that Trump now heads.

https://www.reuters.com/business/finance/top-trump-crypto-backer-justin-sun-says-his-world-liberty-tokens-unreasonably-2025-09-05/