[WLFI Sues Justin Sun for Defamation, Accuses Him of Coordinated Smear Campaign to Depress Token Price] According to Deep Tide TechFlow, on May 4, World Liberty Financial (WLFI) announced a defamation lawsuit against Justin Sun. WLFI alleges that Justin Sun's entity, Blue Anthem, purchased WLFI tokens in November 2024 and subsequently engaged in improper actions, including transferring tokens to Binance. After WLFI froze the related tokens based on its sales terms, Justin Sun did not seek a good-faith resolution but instead launched a coordinated smear campaign. He allegedly spent funds to hire influencers and deploy bots to spread false information to over 4 million followers, claiming WLFI governance was a "scam" and accusing it of having a "backdoor," with the intent to drive the token price "to rock bottom." WLFI stated that the freezing functionality was explicitly disclosed in the sales terms, the governance mechanism is transparent and community-driven, and they will pursue legal action to hold Justin Sun accountable.