Eric Trump Says World Liberty Financial Is "Extremely Proud" as Billion-Dollar Lawsuit and 2022 Arrest Footage Surface

Body camera footage from a 2022 arrest of Zach Witkoff, co-founder of the Trump-linked cryptocurrency firm World Liberty Financial, has resurfaced as the company faces a lawsuit from billionaire investor Justin Sun According to the court documents and the obtained body camera footage, Witkoff was arrested following a brawl at a Miami nightclub.

As reported by The Newsground, while searching his pockets, officers found a bag of cocaine. Witkoff, then 28, faced charges of disorderly conduct, resisting arrest, and felony cocaine possession. His father, Steve Witkoff, is Donald Trump’s special envoy to the Middle East.

In bodycam footage shared by the publication, Miami police officers can be seen restraining Witkoff on the ground before security personnel took over. He was then held by the security. In the obtained footage, he can be heard repeatedly stressing that he did nothing and claimed that he had been assaulted. There were allegations that the WLF founder tried to enter the club after he was turned away. He was also involved in a physical altercation.

The officers present consistently informed Witkoff that he was resisting arrest by "tensing up" and hindering their searches.

As reported by The Daily Beast, right after his arrest, the founder started dropping names of people he knew. Witkoff reportedly tried to use his connections to get out of the felony cocaine charge. Witkoff, growing frustrated, named the club's owner and said, “I’m friends with Marc Roberts, I swear to G*d.” The security guard then said, “Nobody cares. Stop dropping names.”

In the latest turn of events, World Liberty Financial, Zach Witkoff's cryptocurrency venture, is facing a lawsuit from a billionaire investor, Justin Sun. Justin has alleged that the company froze his token assets. In the lawsuit filed Tuesday, Sun alleged that World Liberty Financial was "engaging in an illegal scheme to seize property."

He stressed how the company froze and threatened to destroy his tokens, per Al Jazeera. Taking to X, he wrote, "They wrongfully froze all of my tokens, stripped me of my right to vote on governance proposals, and have threatened to permanently destroy my tokens." "Certain individuals associated with World Liberty are operating the venture in a manner that goes against President Trump’s values", he revealed.

Sun supported the Trump family in 2024 when they started World Liberty Financial by investing $30 million. Months later, Sun purchased an additional 3 billion tokens for $45 million. According to Reuters, Sun holds approximately 4 billion tokens valued at roughly $320 million.

Reacting to Justin Sun's lawsuit, Witkoff said in a Wednesday post on X that Sun's lawsuit was "a desperate effort to divert attention from Sun's own wrongdoing." Hef did not share additional details on Sun's actions but stated that the investor's behavior prompted the company to "act to protect itself and its users."

Eric Trump, another co-founder of the company, defended WLF and responded to the lawsuit. Taking to X, Trump remarked that the “only thing more absurd” than the lawsuit was the $6 million spent on a duct-taped banana art piece. He wrote, "We are extremely proud of the World Liberty Financial team.”