MIAMI BEACH, Fl. – Donald Trump Jr. online rumors denied it the crypto platform linked to the Trump family, is unraveling amid a growing legal battle with Tron founder Justin Sun.
Trump Jr. and WLFI co-founder and CEO Zach Witkoff spoke at Consensus in Miami on Thursday, pushing back against speculation circulating on social media about the company’s management, reserves and business operations.
“Just because they say it doesn’t mean it’s true,” Trump Jr. said. about reports in the media. “Narratives are created. They’re driven, and they’re bot-farm based.”
The comments came just days after World Liberty filed a defamation suit against the Sun in a Florida court. The suit alleges that Sun engaged in “gross misconduct” linked to WLFI token purchases and used influencers and bots to spread false claims about the company.
Sun had previously sued WLFI in federal court in California, claiming the company unfairly froze his WLFI tokens.
At the event in Miami, Witkoff addressed rumors that Trump family members 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 Don and Eric had left the project,” Witkoff said. Trump Jr. dismissed the speculation.
“That was news to me too,” he said. “They changed the website design for a few minutes, and oh my god, they’re betting on it.”
The executives also defended the company’s stablecoin, USD1, against criticism online. Witkoff said the token has “real-time proof of reserves” through a partnership with Chainlink and alleged 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 have filed the case without evidence.
“We wouldn’t have filed that lawsuit if we didn’t have the receipts,” he said.
The Florida suit seeks damages and retraction from Sun over statements that WLFI claims harmed the company and its business prospects. World Liberty Financial is represented by the top defamation law firm, Clare Locke LLP.
