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Breaking: WLFI CEO Drug Arrest Video Surfaces Hours After Slamming Justin Sun Lawsuit

Coingapestaff
4 hours ago Updated 3 hours ago
Coingapestaff

Coingapestaff

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WLFI CEO Justin Sun

Highlights

  • WLFI CEO Zach Witkoff's drug arrest video surfaced as the Trump-linked project faces legal tensions.
  • The footage shows Witkoff being arrested outside of E11EVEN Miami nightclub.
  • Earlier, he refuted claims mentioned by Justin Sun in his California court lawsuit.

Zach Witkoff, the co-founder and CEO of World Liberty Financial (WLFI), is under scrutiny upon the release of body camera footage of his drug arrest. The clip surfaced as Trump-linked WLFI enters a legal battle with Tron founder Justin Sun.

WLFI CEO Arrest Video Surfaces Today

The viral video shows that the Witkoff was arrested on New Year 2022 outside of E11EVEN Miami. It created a frenzy on the internet as Witkoff recently dismissed the WLFI vs. Justin Sun lawsuit.

Steve Witkoff, who is the father of Zach Witkoff, was also arrested following an incident at the nightclub. Security personnel claimed he attempted to enter even after being refused entry. Thereafter, things got physical.

At the scene, he was searched by the police. They discovered a bag of cocaine. He was accused of disorderly conduct, resisting arrest and felony possession.

Bodycam shots show his changing words. At one time, he informed police that he was “trying to help a friend.” Soon after, he said “it’s not even mine.” The WLFI CEO also insisted that he had done nothing, and that he was assaulted.

He was repeatedly warned by officers about resistance to arrest. The video records him arguing when he is detained. He also tried to name-drop the owner of the club. “I’m friends with Marc Roberts, I swear to God,” he said. A security guard responded: “Nobody cares… Stop dropping names.”

Witkoff posted bond later and pleaded not guilty, according to court records. In the first place, prosecutors proceeded with the case. However, they subsequently dismissed the felony cocaine charge. One count of resisting arrest was dismissed as well.

Witkoff Dismisses Justin Sun Lawsuit Claims

The footage has emerged at a time when there has been tension between Witkoff and Justin Sun. In a post on X, Witkoff recently described the Justin Sun vs. WLFI lawsuit as “a desperate attempt to deflect attention from Sun’s own misconduct”

He said the allegations are “entirely meritless.” The WLFI CEO added, “World Liberty will continue to take all necessary steps to protect its community.”

In the lawsuit, Sun alleges his WLFI tokens were “wrongfully” frozen. He also expressed concerns on reserved voting rights. In addition, about the proposed 62 billion WLFI token lockup, Sun cautioned that such a move would be detrimental to the holders.

Also, the Tron founder is yet to reply to Sameer Group CEO Syed Sameer’s offer of settling the conflict outside the court.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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