Justin Sun and David Jeffen clashed in the battle on the Jiakometi sculptures

The ongoing legal match between the encrypted billionaire Justin Sun and the entertainment Mongols David Jeffen on Alberto Giakometi If a meter She officially entered the maximum stage. What has been displaced by more than 80 million dollars now includes charges of technical fraud and forged documents, discussing the collapse of the encryption market, and allegations that an Art consultant had been detained in China.
It is claimed that the stakeholder – a piece of bronze, steel and iron that was purchased for $ 78.4 million in Sotheby’s in 2021 – was sold to Geffen without his knowledge by former counselor Sydney Syong. In February, Sun lifted a suit in New York, where sculptures are currently residing, claiming that Chiong has carried out the sale using fake lawyers and forged documents, and to stay away from “hundreds of thousands of dollars” for herself.
Geffen responded with an invitation from 100 pages in April, describing Sun’s claim that it was “strange and founded” and the conflict was deposited to the “remorse of the seller”.
In a recent file, the Sun’s legal team claimed that Xiong has been detained without sponsorship since February at the Dezhou detention center in Shandong Province, China. “It is largely unreasonable for Mr. Jeffen to appoint his case for his announced innocence in Sydney Xiong,” said William Charron’s lawyer, Sun William Charron. ARTNEWS In an email. “Mrs. Siong has admitted to stealing her, she was arrested in China and she was in detention in China today.”
You claim Sun’s suit If a meter To the art storage facility in Dilayer managed by merchants David and Cole Tonkel. Then this piece was sold to Given for 10.5 million dollars in cash and two unknown paintings, which was expected to sell Sun to be able to compensate the balance – although the treatment was not authorized, both. Sun says he only agreed to sell If a meter If the price is 80 million dollars.
Meanwhile, the Jeffen file claims that Sun and Shyung failed to empty the two paintings in a profit, then tried to restore Giacometti by manufacturing a legal claim. The fixed center also indicates what you claim to be contradictory to Sun’s narration: no police report has been submitted, WhatsApp messages have been deleted, and Sun’s lawyers received conflicting information about when, how, and even if the alleged fraud occurred. Xiong, Geffen’s team’s notes, are listed as the manager of the SUN platform after months of filing the initial lawsuit.
Then there is the same APENFT issue. Sun previously claimed that he donated If a meter To the platform (and even the re -tweeting of their thanksgiving message), but later claimed that he had never done. In 2023, the work was loaned to the Giacometti Institute in Paris, with no clear path of how or why the sun left.
Geffen Camp also seized financial troubles and financial reputation at Sun. Between Crypto’s crash, a $ 115 million penetration of its platforms in 2023, and the SEC civil fraud case, Sun’s credibility is still not available. Counsuit is cited by several lawsuits by former employees who accuse Sun of forcing them to engage in immoral or illegal commercial practices.
The sun, for his part, is still designed. “Jeffen clings to the imagination that Sydney Xiong was not a thief,” Charron said in a statement. “The most persuasive details will appear by filling this litigation.”