Trump Slaps NY Times with $15B Defamation Suit Over $TRUMP Token Coverage

Former President Donald Trump has filed a massive $15 billion defamation lawsuit against The New York Times, its publisher Penguin Random House, and four reporters. The legal action, lodged in Florida federal court, accuses the defendants of orchestrating a deliberate decade-long campaign to damage Trump's reputation—specifically targeting what he claims was intentional harm to his cryptocurrency venture, the $TRUMP token.

The complaint zeroes in on a book titled 'Lucky Loser: How Donald Trump Squandered His Father’s Fortune and Created the Illusion of Success,' co-authored by NYT reporters Susanne Craig and Russ Buettner. It also references articles probing the token's connections to Justin Sun, a prominent Chinese crypto billionaire and early investor. The Times has dismissed the lawsuit as baseless, reaffirming its commitment to defending press freedoms.