MIAMI BEACH, Fla. – Donald Trump Jr. denies online rumors Cryptocurrency platforms linked to the Trump family are unraveling amid an increasingly bitter legal dispute with Tron founder Justin Sun.
Trump Jr. and WLFI co-founder and CEO Zach Witkoff spoke at the Consensus conference in Miami on Thursday, pushing back on 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 media reports. “Narratives are created. They are driven and based on robot farms.”
A few days ago, Freedom World filed a defamation lawsuit against Justin Sun in a Florida court. The lawsuit accuses Sun of “serious misconduct” in connection with the purchase of WLFI tokens and of using influencers and bots to spread false claims about the company.
Sun previously sued WLFI in California federal court, claiming the company unfairly froze his WLFI tokens.
At the event in Miami, Witkopf addressed rumors that members of the Trump family distanced themselves from the project after WLFI removed the team’s page from its website.
“I think I saw on Twitter that Don and Eric had abandoned the project,” Witkopf said. Trump Jr. dismissed the speculation.
“That’s news to me, too,” he said. “They changed the website design for a few minutes and, oh my god, they gave up.”
Executives also defended the company’s stablecoin USD1 against online criticism. Witkoff said the token has “real-time proof of reserves” through a partnership with Chainlink It also claims that users can verify reserves directly on the chain.
Trump Jr. accused critics and some media outlets of deliberately spreading misleading narratives about WLFI.
Witkoff also defended the lawsuit against Sun, saying the company would not file a lawsuit without evidence.
“If we didn’t have the receipts, we wouldn’t be suing,” he said.
The Florida lawsuit seeks damages from Sun and a retraction of WLFI’s claims that it harmed the company and its business opportunities. World Liberty Financial is represented by top defamation law firm Clare Locke LLP.