The new boogeyman

Justin Sun and World Liberty Financial, the Trump family's crypto project, have filed dueling lawsuits against each other. Sun filed a May 5 suit in a California federal court alleging that World Liberty vindictively froze his $WLFI tokens after he refused to invest hundreds of millions of dollars more, and that the project secretly retained freeze powers despite marketing itself as decentralized. World Liberty filed a May 4 defamation suit in a Florida state court over Sun's tweets, arguing that the freeze authority was clearly disclosed in agreements and smart contracts, and it also intends to force Sun into arbitration on his California claims.