Trump Jr. and WLFI CEO push back on collapse rumors as Justin Sun legal battle heats up

Speaking at Consensus Miami, Donald Trump Jr. and World Liberty Financial CEO Zach Witkoff publicly rejected social media speculation that the Trump-linked crypto platform is collapsing or losing family backing. Trump Jr. attributed the rumors to coordinated bot activity, saying narratives are "driven" and "bot-farm based" rather than grounded in fact.

The pushback follows WLFI's defamation lawsuit filed against Tron founder Justin Sun in Florida state court, alleging gross misconduct tied to WLFI token purchases and a coordinated campaign using influencers and bots to spread false claims. Sun had previously sued WLFI in California federal court, claiming the company improperly froze his tokens.

Witkoff also defended the firm's USD1 stablecoin, stating it carries real-time, on-chain proof of reserves via a Chainlink integration. On the lawsuit, he was direct: "We wouldn't have filed…