Justin Sun Sues Bloomberg Over Alleged TRX Holdings Disclosure

Generated by AI AgentCoin World
Thursday, Aug 14, 2025 4:11 pm ET1min read
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Aime RobotAime Summary

- Justin Sun sues Bloomberg for disclosing his TRX holdings and crypto wallet addresses, claiming breach of confidentiality and security risks.

- Bloomberg denies wrongdoing, arguing no proven harm or agreement violation, while TRON DAO criticizes the report's inaccuracies.

- The case highlights tensions between media transparency and crypto privacy, potentially setting a precedent for reporting digital asset wealth.

Justin Sun, founder of

TRON
(TRX), has initiated legal action against Bloomberg following a report published on August 11, 2025, in the Bloomberg Billionaires Index. The profile estimated his net worth at $12.4 billion, with the majority attributed to TRX holdings. The report claimed that Sun controls approximately 60 billion TRX tokens—roughly 60% of the 94 billion total supply—along with 17,000
Bitcoin
(BTC), 224,000
Ethereum
(ETH), and 700,000
USDT
[1].

On August 13, TRON DAO announced that Sun had filed a motion for a temporary restraining order, seeking to have Bloomberg remove his profile and halt further publication of his financial data. In the legal filing, Sun argued that he had shared his cryptocurrency wallet addresses with Bloomberg under the condition that they remain confidential. He claimed that the public disclosure of these addresses could expose him to hacking and even physical harm [1].

Bloomberg has denied any breach of confidentiality and expressed its intention to oppose the restraining order. The company’s legal representatives contend that Sun has not demonstrated actual harm or proven that Bloomberg violated any agreement regarding the privacy of his wallet information [1].

TRON DAO has criticized the report for inaccurately attributing crypto assets to Sun that he neither owns nor controls, while failing to report holdings he does. However, Sun has not disclosed the specific details of his actual holdings or the aspects of the profile he disputes [1]. The case highlights tensions between media transparency and the privacy of digital assets, particularly in an industry where ownership is often pseudonymous and decentralized.

The outcome of the legal dispute could establish a precedent for how financial media verifies and reports on crypto wealth. It may also influence how other high-profile figures in the crypto space engage with journalists and disclose their assets [1].

Source:

[1] https://crypto.news/justin-sun-sues-bloomberg-after-report-claims-he-owns-60-of-tron-tokens/