SUN WOO SUN VS. WLF FILE: FOUR "EXTRA" DETAILS SURFACED

Photo by Alex Gilbert

Photo by Chopper, Foresight News

In the morning, well-encrypted money-rich Sun hopes to maintain good relations with Donald Trump, but he has taken tough measures against the President ' s business partners。

In the proceedings filed on Tuesday, Sun Yuo accused World Liberty Financial executive of fraud, theft and other offences。

These allegations do not use lengthy legal terminology. On the contrary, the indictment emphasizes that World Liberty Financial is facing "closure and potential bankruptcy" and is facing difficulties in operating。

Sun Woo Sun points to one of the most lethal elements: World Liberty, co-founder Chase Herro, who is referred to in the indictment as a recidivist fraudster and tax evader。

Some details have been reported previously. And things like World Liberty's about to go down are pure speculation. Even so, the lawsuit would have provided a great deal of leverage to critics of the company, including disgruntled investors, as well as opposition parliamentarians who were waiting for the occasion。

On Wednesday, when asked about the lawsuit, a spokesman for World Liberty Financial stated that the co-founder of the company had made a statement on social media。

The chief executive officer of the company, Zach Witkoff, claims that the lawsuit was "a desperate means of diverting outside attention from his own misconduct"。

And Herro did not respond directly to the lawsuit. He relayed the inspirational poem of Rudyard Kipling and the statement of Witkoff, with the text: "Construction is never easy, it is often full of successes and failures, like a giant maze, and you need to cross it."

The following are four of the most noteworthy allegations and details in this 52-page litigation。

Herro's history

In the past, mainstream media have reported that Herro’s stigmatizing experiences, including prison records, aggressive speech, questionable business operations, and participation in a DeFi agreement in 2024, which nearly lost all of his encrypted assets as a result of hacker attacks。

The pleadings contain all the above, together with a number of new details。

The complaint states that "Herro ' s commercial misconduct was extremely bad, and that in about 2010, fraudulent clients and collaborators set up a website called ChaseHeroScam.com "

The website is no longer available on Thursday, and DL News is unable to verify whether it contains any reference to Sun Yu ' s petition。

The application stated that Herro had been granted a tax lien on four occasions and that a tax disposal contract had been issued for a property in Florida。

The petition also stated that Herro had visited Little St. James, a private island belonging to the notorious financier Jeffrey Epstein. However, the complaint does not provide evidence of this statement, and DL News is not in a position to verify whether Herro made such statements。

Secrets. Upgrade

Since the beginning of the project, the mandate of the WLFI holder of the World Liberty Financial Governance Co. has been limited。

According to the company documents, currency holders are not entitled to participate in the operations of World Liberty Financial, but may vote to decide on the upgrading of the lower technology。

Suu-woo accused World Liberty executives of breaking their commitments, unilaterally quietly completed two technical upgrades last year without any governance vote or disclosure to WLFI holders。

It is alleged that this upgrade gave World Liberty Financial powers to freeze and seize WLFI tokens and that this authority has been used against Sun-woo. Sun Woo Sun described this upgrade as a destructive operation。

"Although the upgrade is searchable on the public sector block chain, World Liberty Financial hides it deep in the code without informing the token holder of the existence and potential impact of the function," the Memorial writes, "the company has added to the "blacklist" that it can operate at will

According to World Liberty Financial, the freeze function is used only to protect user interests。

In his statement, Witkoff stated that "Sun Joo was in violation of the law and World Liberty Financial had to take action to defend itself and its users. World Liberty Financial will continue to take all necessary measures to protect community ecology”

TRUMP Meme

World Liberty Financial ' s allegations of alleged misconduct by Sun were vague. But Sun said that the company's executive had given a detailed explanation in private。

THE REASON FOR THIS IS THAT THE EXECUTIVE HAS DETERMINED THAT SUN’S SALE OF COINS IN THE MORNING RESULTED IN A 40 PER CENT DROP IN THE PRICE OF THE WLFI, THE IRREGULAR PURCHASE OF COINS ON BEHALF OF OTHERS, AND THE VIOLATION OF THE “COIN PURCHASE AGREEMENT”。

However, the complaint states that there is another incentive for the conflict between the parties: TRUMP Meme。

“World Liberty Financial stated that one of the reasons for freezing WLFI tokens was the dissatisfaction with Sun’s acquisition of $100 million worth of TRUMP coins (issued by another Tromp project),” the petition wrote. Part of the next sentence has been blacked out, but the end notes that something (probably the purchase of TRUMP coins) "had been approved in advance by members of the Trump family who were also partners in both projects."

The complaint does not explain why World Liberty Financial would be in conflict with Sun’s purchase of TRUMP。

Currency transmission operations irregularities

Last year, two encryption developers were sentenced to prison for operating unlicensed money transmission operations, and another was convicted on the same charges, which are still pending。

Sun Woo Sun accused that World Liberty Financial had also violated the law。

According to the indictment, World Liberty Financial became the money transmission agency by giving itself the power to transfer tokens on behalf of others。

"The highly centralized control of WLFI tokens by World Liberty is not only completely contrary to DeFi's philosophy, but also indicates that it carries out money transmission operations without registration and licence, in violation of numerous United States federal and state criminal laws."