MIAMI BEACH, Florida. — Donald Trump Jr. denied online rumors that The 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 rejected speculation circulating on social media about the company’s leadership, bookings and business operations.
“Just because they say that doesn’t mean it’s true,” Trump Jr. said of the media reports. “Narratives are created. They are driven and based on robot farms.”
The comments came days after World Liberty filed a defamation lawsuit against Sun in Florida state court. The lawsuit alleges that Sun engaged in “serious misconduct” related to purchases of WLFI tokens and used influencers and bots to spread false claims about the company.
Sun had previously sued WLFI in federal court in California, alleging that the company unfairly froze 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 at one point I saw on Twitter that, you know, Don and Eric had abandoned the project,” Witkoff said. Trump Jr. dismissed the speculation.
“For me it was news too,” he said. “They changed the design of the website for a few minutes and, my God, they’re abandoning it.”
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. and claimed users can verify reservations directly on-chain.
Trump Jr. accused critics and some media outlets of intentionally spreading misleading narratives about WLFI.
Witkoff also defended the lawsuit against Sun, saying the company would not have brought the case without evidence.
“We wouldn’t have filed that lawsuit if we didn’t have the receipts,” he said.
The Florida lawsuit seeks damages and retractions from Sun for statements that WLFI says harmed the company and its business opportunities. World Liberty Financial is represented by leading defamation law firm, Clare Locke LLP.
