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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InCrypto entrepreneur Justin Sun has escalated his legal battle against the Trump-linked project World Liberty Financial, with the venue officially identified as California. The lawsuit was filed in response to a direct challenge from the project team and includes explicit allegations of fraud regarding the project's decentralization model. New estimates now value the frozen assets at $45 million, a significant revision from previous reports of $75 million. Sun alleges that the team embedded a blacklisting function within the smart contract and used threats of burning tokens to coerce additional investment. While maintaining his political support for Donald Trump, Sun clarified that the litigation is a necessary commercial step to protect his rights as a token holder. Analysts suggest that the confirmed legal jurisdiction and revised valuation add a new layer of complexity to this high-profile DeFi dispute.