Key Takeaways:
WLF sued Justin Solar in Miami on Could 4, 2026, over claims he defamed the Trump-backed crypto enterprise. The WLFI token confronted volatility and lows as Solar allegedly moved $300 million to Binance to quick the coin. Future court docket dates will handle Solar’s April declare that WLF illegally froze $75 million of his holdings.
Allegations of Market Manipulation
The Trump family-affiliated World Liberty Monetary filed a defamation lawsuit Monday, Could 4, towards Tron blockchain founder Justin Solar, alleging he engaged in a deliberate marketing campaign to unfold false details about the corporate.
The lawsuit, filed within the Eleventh Judicial Circuit Courtroom for Miami-Dade County, claims that Solar revealed defamatory statements to his thousands and thousands of followers on X. The authorized motion marks a major escalation in a public feud between the Trump-backed enterprise and Solar.
In a press release asserting the lawsuit, World Liberty Monetary alleges that Solar engaged in prohibited token transfers, “straw” purchases by means of third events, and quick promoting of the corporate’s WLFI token. The grievance additional asserts that Solar was absolutely conscious of the protocol’s proper to freeze person tokens to guard the group and cling to governing agreements.
“Moderately than appearing in good religion, Justin Solar selected to defame World Liberty — repeatedly, publicly, and to thousands and thousands of followers,” Tom Clare, an lawyer for World Liberty Monetary, stated in a press release. “World Liberty filed this lawsuit as a final resort to right the report and to guard its token holders, its workers, and all its stakeholders.”
The Florida lawsuit follows a separate authorized motion filed by Solar in April in a San Francisco federal court docket. In that case, Solar accused World Liberty Monetary of illegally freezing roughly $75 million of his WLFI holdings and stripping him of governance rights.
World Liberty Monetary’s submitting counters these claims, alleging Solar’s trade wallets moved $300 million to Binance simply earlier than WLFI opened for public buying and selling, which the corporate suggests was a part of a broader effort to undermine the platform whereas benefiting his personal monetary positions.
The authorized battle comes amid heightened scrutiny of the enterprise. Current reviews point out the mission quietly offered an extra 5.9 billion tokens to personal accredited traders whereas many early retail backers stay unable to commerce the vast majority of their holdings on account of lock-up restrictions.
In a terse response to the World Liberty Monetary go well with, Solar dismissed it as “a baseless PR stunt,” including that he has a transparent conscience and is assured of prevailing in court docket.
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