--- title: "World Liberty Financial Went From 1 Owner to 22 in Court, Now Justin Sun Wants Sanctions" url: https://thecoingazette.com/world-liberty-financial-went-from-1-owner-to-22-in-court-now-justin-sun-wants-sanctions/ date: 2026-11-04 modified: 2026-11-04 lang: en author: "Coin Gazette Editorial" description: "TLDR Justin Sun has asked a federal judge to sanction World Liberty Financial and its lawyers. The company expanded its ownership disclosure from one entity to 22 in August, including UAE citizenship. World Liberty then argued its UAE ties remove the federal court’s jurisdiction over the case. A UAE-backed vehicle agreed to buy a 49% [...] The post World Liberty Financial Went From 1 Owner to 22 in Court, Now Justin Sun Wants Sanctions appeared first on Blockonomi." categories: - "Crypto News" tags: - "crypto" - "cryptocurrencies" - "Defi" - "Market Trends" - "News" image: https://i3.wp.com/s.w.org/images/core/emoji/17.0.2/72x72/1f1e6-1f1ea.png?w=1400&fit=1400,960&ssl=1 word_count: 756 --- # World Liberty Financial Went From 1 Owner to 22 in Court, Now Justin Sun Wants Sanctions TLDR Justin Sun has asked a federal judge to sanction World Liberty Financial and its lawyers. The company expanded its ownership disclosure from one entity to 22 in August, including UAE citizenship. World Liberty then argued its UAE ties remove the federal court’s jurisdiction over the case. A UAE-backed vehicle agreed to buy a 49% stake in World Liberty for $500 million in January 2025. Sun plans to pursue his $45 million dispute in California state court after the sanctions ruling. Tron founder Justin Sun has asked a federal judge to sanction World Liberty Financial and its lawyers. He claims the Trump-linked crypto company waited months to reveal ownership ties to the United Arab Emirates, then used those ties to challenge the court’s authority over his case. Sun announced the request on X on Nov. 3. The move is the latest step in his lawsuit over a $45 million investment in the company. Last night, my lawyers moved to sanction World Liberty Financial @worldlibertyfi for failing to disclose, until months into my litigation against the company, that it is a citizen of the UAE . #WLFI #USD1 For those who are new to this dispute, I was one of World Liberty’s… — H.E. Justin Sun (@justinsuntron) November 3, 2026 From One Owner to 22 At the start of the case, World Liberty listed only Florida citizenship in its court disclosures, according to Sun. He said court rules required the company to identify the members of its ownership structure. In August, the company filed an updated disclosure. It expanded the list from one entity to 22, with citizenship in Florida, Delaware, Puerto Rico and the UAE. That filing came six days after an Aug. 20 hearing on World Liberty’s request to move the dispute into arbitration. Sun said the judge had signaled that some claims should stay in open court while others could go to arbitration. World Liberty then argued that its UAE citizenship removed the federal court’s jurisdiction. Its reasoning was that foreign parties now appeared on both sides of the lawsuit. Federal courts can hear certain cases based on the citizenship of the parties, under what are called diversity rules. A company organized in the US can still take on foreign citizenship for these purposes through its owners. Sun said his lawyers had already spent hundreds of thousands of dollars fighting the arbitration request. He argued the ownership details could have settled the jurisdiction question at the very beginning. “World Liberty was proudly American when it was selling tokens. It discovered its UAE roots only when it needed a way out of an American federal courtroom,” Sun wrote on X. The UAE Stake Behind the Filing The foreign ties trace back to January 2025, days before Trump’s inauguration. An investment vehicle backed by UAE National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan agreed to buy a 49% stake in World Liberty for $500 million. Eric Trump signed the agreement. About $187 million went to entities controlled by the Trump family, according to reporting on the deal. Sheikh Tahnoon is a brother of the UAE president and oversees investments in artificial intelligence and advanced technology. The deal drew scrutiny after the Trump administration expanded UAE access to advanced American AI chips, and Democratic lawmakers raised conflict of interest questions. World Liberty has denied that the investment influenced government decisions. President Trump has said he did not know about the deal and that his sons run the business. The company’s Gold Paper says it is not organized offshore. It describes World Liberty as an American corporation working to bring decentralized finance to the US. Sun first bought tokens in November 2024, before the UAE deal. The investment became public months before World Liberty changed its court disclosure. Sun sued in April, claiming the company used fraud to secure his investment and unlawfully froze his tokens. World Liberty has rejected those claims and accused him of misconduct in a separate defamation lawsuit. In his sanctions request, Sun argues that either World Liberty gave its lawyers wrong information or the lawyers failed to properly check the ownership structure. The WLFI token traded near $0.05, down 4.65% over 24 hours. Sun said he plans to pursue the original dispute in California state court once the federal judge rules on sanctions. The judge will decide whether the late disclosure warrants penalties against the company or its legal team. The post World Liberty Financial Went From 1 Owner to 22 in Court, Now Justin Sun Wants Sanctions appeared first on Blockonomi.