MIAMI BEACH, Fla. — In a recent appearance at Consensus in Miami, Donald Trump Jr., alongside WLFI co-founder and CEO Zach Witkoff, refuted rumors circulating online that the crypto platform WLFI$0.07413, associated with the Trump family, is disintegrating amid legal conflicts with Tron founder Justin Sun.
Trump Jr. dismissed media reports suggesting issues within the company’s leadership and operations as false narratives driven by bot farms. This stance follows World Liberty’s defamation lawsuit against Sun in a Florida state court, accusing him of misconduct related to WLFI token transactions and spreading disinformation via influencers and bots.
Previously, Sun had initiated legal action in California federal court against WLFI, arguing that his WLFI tokens were unjustly frozen by the company. At the Miami event, Witkoff tackled rumors suggesting the Trump family was distancing from the project after a temporary removal of a team page on WLFI’s website.
“I saw tweets claiming Don and Eric had abandoned it,” Witkoff remarked, which Trump Jr. quickly dismissed as news to him. “They updated their site design briefly and suddenly everyone thinks they’re abandoning it.”
The company’s stablecoin, USD1, was also defended by executives against online critiques. Witkoff stated that the token features “real-time proof of reserves” through a ChainlinkLINK$9.9255 partnership, allowing users to verify these directly onchain.
Trump Jr. criticized certain media outlets and critics for perpetuating misleading narratives about WLFI intentionally. Witkoff reinforced their confidence in the lawsuit against Sun, stating it was filed with substantial evidence.
“We wouldn’t have pursued that lawsuit if we didn’t have proof,” he asserted. The legal action seeks damages and retractions from Sun for statements alleged to damage WLFI’s business prospects.