Justin Sun says he has applied for sanctions against WLFI, accusing it of conceal

Justin Sun said his lawyers filed a sanctions motion asking a court to hold World Liberty Financial (WLFI) and its counsel accountable, alleging the company disclosed only after months of litigation that an Emirati citizen is among its shareholders, a misleading disclosure to the court. Sun said he first invested $30 million in WLFI tokens in November 2024 and raised his total to $45 million before suing World Liberty in April, alleging fraud and unlawful freezing of his tokens. During the suit, World Liberty initially listed a single entity in ownership filings with Florida as its only citizenship location, then amended the ownership chain from one member to 22 and added Delaware, Puerto Rico and UAE citizenships. Sun argues the UAE link may be used to challenge federal court jurisdiction and move the case out of federal court. He said that after the federal court rules on the sanctions motion he will refile in California state court and continue seeking disclosures for token holders.