Crypto entrepreneur Justin Sun has escalated his public feud with World Liberty Financial, the digital asset venture linked to the Trump family. Sun claims the company is treating him and other investors like a “personal ATM,” alleging they have frozen his substantial stake acquired following the 2024 election. Sun had previously settled unrelated SEC charges without admitting fault.

Dispute erupted in September when World Liberty unlocked a portion of its WLFI tokens, generating an estimated $5 billion in paper gains for the Trump family while Sun’s holdings remained locked. Sun asserts the company is employing a secret “backdoor blacklisting function” to prevent his sales. World Liberty countered on social media, accusing Sun of playing the victim to mask his own alleged misconduct.

The situation deepened after World Liberty pledged its WLFI tokens as collateral to borrow over $75 million in stablecoins from Dolomite, a lending platform run by the CTO. This borrowing activity reportedly restricted withdrawals for some Dolomite depositors, fueling broader investor discontent that Sun leveraged for his own case.

Talks intended to resolve the standoff between Sun and World Liberty have reportedly stalled without any agreement. The public spat puts negative pressure on the perceived stability of the venture, especially given the highly sensitive political associations involved.