Trump's crypto project just got sued by its biggest investor
Justin Sun put $75,000,000 into World Liberty Financial and was named an official adviser
What happened next:
• WLFI secretly added a backdoor to their smart contract that can freeze any wallet
• Sun tried to sell $10,000,000 worth of his own tokens
• They froze his entire $75,000,000 position
• Stripped his voting rights
• Then proposed burning 10% of all adviser tokens
• He couldn't vote against it. His wallet was still frozen
Sun filed a federal lawsuit yesterday for fraud and extortion
The complaint says WLFI is "on the verge of collapse" and that up to 95% of all token sale proceeds go directly to insiders @justinsuntron
Scam Altman and Greg Stockman stole a charity. Full stop.
Greg got tens of billions of stock for himself and Scam got dozens of OpenAI side deals with a piece of the action for himself, Y Combinator style. After this lawsuit, Scam will also be awarded tens of billions in stock directly.
The fundamental question is simply this:
Do you want to set legal precedent in the United States that it is ok to loot a charity? If so, you undermine all charitable giving in the United States forever.
I could have started OpenAI as a for-profit corporation. Instead, I started it, funded it, recruited critical talent and taught them everything I know about how to make a startup successful FOR THE PUBLIC GOOD.
Then they stole the charity.