Justin Sun is seeking $263,821.20 in sanctions against World Liberty Financial and its lawyers, accusing them of submitting a misleading disclosure about the company’s ownership in a dispute over his $45 million WLFI token investment. World Liberty initially listed Florida as its sole state of citizenship before amending its disclosure nearly three months later to identify 22 individuals and entities in its ownership chain, including holders in the United Arab Emirates. The amendment came six days after a federal judge questioned World Liberty’s request to move Sun’s claims to arbitration, prompting a jurisdictional dispute. Sun plans to refile his lawsuit in California state court once the sanctions motion is resolved, with a hearing scheduled for December 10.
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