Media Mogul Countersues Justin Sun Over $78M Sculpture Dispute

American film producer and art collector David Geffen has filed a 100-page countersuit against crypto entrepreneur Justin Sun over claims related to the ownership of the $78 million Alberto Giacometti sculpture, 'Le Nez'. Geffen argues that Sun and his former art adviser, Xiong, orchestrated a fraudulent scheme, alleging unethical and illegal business activities, and pointing to past issues including unsuccessful art transactions and security breaches on Sun's crypto platforms during 2022-2023. Sun, who previously sued Geffen claiming the artwork was stolen in a dubious deal, has seen his position challenged by Geffen’s comprehensive legal counterclaim, intensifying scrutiny on his business practices and credibility.