April 22 (UPI) — A billionaire backer of the Trump family’s World Liberty Financial crypto alternate is suing the group alleging extortion.
Justin Solar is accusing the firm of a device to rob his WLFI tokens, which steadily is the cryptocurrency the firm issued, the BBC reported.
“Unfortunately, certain individuals on the World Liberty project team have been operating the project in a manner that goes against President Trump’s values,” Solar posted on X. “They wrongfully froze all of my tokens, stripped me of my right to vote on governance proposals and have threatened to permanently destroy my tokens by ‘burning’ them — all without any proper justification. I do not believe President Trump would condone these actions if he knew about them.”
The agency was once co-based by President Donald Trump and his son Eric Trump in 2024, along with Steve Witkoff and his sons, Zach and Alex, and entrepreneurs Jog Herro and Zak Folkman.
World Liberty denies wrongdoing, the BBC reported.
A single WLFI token is price 8 cents, down from 31 cents since September.
Solar based a separate multi-billion greenback crypto venture known as Tron. He stated he backed World Liberty attributable to Trump and his red meat up for cryptocurrencies. He also sold $100 million of Trump’s meme money in July 2025.
In his criticism, which he filed Tuesday in federal court in San Francisco, Solar stated guarantees to present token-holders the device to alternate the currency in future “were false and misleading.”
The tokens did change into tradeable, however Solar stated World Liberty blocked him from selling them.
Zach Witkoff, whose father is Trump’s middle east particular envoy, stated Solar’s lawsuit is a “desperate attempt to deflect attention from Sun’s own misconduct.”
“His claims are entirely meritless, and World Liberty looks forward to getting the case thrown out promptly,” the BBC reported Witkoff stated. Witkoff stated Solar has engaged in “misconduct that required World Liberty to take action to protect itself and its users.”
Eric Trump stated: “The only thing more ridiculous than this lawsuit is spending $6 million on a banana duct-taped to a wall.”
Solar sold, then ate, an artwork fragment by Maurizio Cattelan
