MIAMI BEACH, Florida. — Donald Trump Jr. denied online rumors that crypto platform linked to the Trump family, is collapsing amid an escalating legal battle with Tron founder Justin Sun.
Speaking at Consensus in Miami on Thursday, Trump Jr. and WLFI co-founder and CEO Zach Witkoff took issue with speculation circulating on social media about the company’s leadership, reserves and business operations.
“Just because they say it doesn’t mean it’s true,” Trump Jr. said of the media reports. “The stories are created. They are driven and based on a robot farm.”
The comments came days after World Liberty filed a defamation suit against Sun in Florida state court. The suit alleges that Sun engaged in “gross misconduct” related to WLFI token purchases and used influencers and bots to spread false claims about the company.
Sun previously sued WLFI in federal court in California, claiming the company had unfairly frozen its WLFI tokens.
At the Miami event, Witkoff addressed rumors that members of the Trump family had distanced themselves from the project after WLFI removed a team page from its website.
“I think I saw on Twitter at one point that, you know, Don and Eric had abandoned the project,” Witkoff said. Trump Jr. dismissed the speculation.
“It was news to me too,” he said. “They changed the design of the website for a few minutes and, oh my God, they gave it up.”
The executives also defended the company’s stablecoin, USD1, from online criticism. Witkoff said the token has “real-time proof of reserves” through a partnership with Chainlink and claimed users can check reserves directly on-chain.
Trump Jr. accused critics and some media outlets of intentionally spreading misleading narratives on WLFI.
Witkoff also defended the lawsuit against Sun, saying the company would not have filed a lawsuit without evidence.
“We wouldn’t have filed this lawsuit if we didn’t have the receipts,” he said.
The Florida lawsuit seeks damages and retractions from Sun over statements WLFI said harmed the company and its business opportunities. World Liberty Financial is represented by leading defamation law firm, Clare Locke LLP.
