Justin Sun Sues Bloomberg Over Crypto Holdings Disclosure Risk

Justin Sun, founder of TRON, remains a divisive figure in the cryptocurrency industry, recently drawing attention for a lawsuit against Bloomberg. In August 2025, Sun claimed the news outlet violated confidentiality by planning to reveal his cryptocurrency holdings, including over 60 billion TRX tokens. He argued the disclosure exposed his wallet addresses to potential hacking or kidnapping risks [1]. Bloomberg responded that it would defend the case, citing First Amendment protections for its reporting [2]. The legal battle has sparked wider discussions around the balance between transparency in cryptocurrency ownership and the privacy of high-profile figures [4].

Sun’s legal troubles are not new. In March 2023, the SEC filed a lawsuit against him and the Tron Foundation, accusing them of market manipulation through wash trading and offering unregistered securities [4]. In February 2025, both parties sought to pause the case to pursue a potential settlement, signaling possible shifts in regulatory approaches under the Trump administration [4]. The legal challenges reflect the broader regulatory uncertainties facing the crypto sector and the scrutiny placed on major players.

Parallel to these legal disputes, Sun made headlines for spending $28 million to travel to space on Blue Origin’s NS-34 mission in August 2025. The 10-minute suborbital flight not only boosted his personal brand but also enhanced Tron’s visibility on the global stage [2]. His space journey aligns with his history of high-profile, attention-grabbing moves, such as investing $75 million in World Liberty Financial, a Trump-backed crypto project, and his father’s $100 million investment in TRX-linked shares for SRM Entertainment Inc. [6]. These investments highlight Sun’s strategy of blending technology, entertainment, and political engagement.

Sun’s wealth is largely built on his control of major crypto assets and business ventures. He holds over 60 billion TRX tokens—75% of the total supply—with a liquidity discount applied due to his dominance. He also owns significant amounts of Bitcoin, Ethereum, and Tether. Beyond token holdings, Sun owns 90% of HTX, the rebranded Huobi exchange, which reported approximately $1.3 billion in revenue in 2024 [1]. His business expansion also includes the 2018 acquisition of BitTorrent for $140 million.

Despite the controversies, Sun continues to play a pivotal role in shaping the blockchain industry. His investments, social media influence, and strategic partnerships have positioned him as a key innovator in the space. However, his public persona is often polarizing, and his actions frequently spark debates on ethics, regulation, and the future of digital finance. As the legal and regulatory landscape evolves, Sun’s ability to navigate these challenges will likely define his ongoing impact on the crypto ecosystem.

Source:

[1] AInvest (https://www.ainvest.com/news/justin-sun-sues-bloomberg-alleged-crypto-holdings-leak-2508/)

[2] Dexalot (https://dexalot.com/en/blog/justin-sun-lawsuit-bloomberg-financial-privacy-debate)

[4] Our (https://web.ourcryptotalk.com/news/justin-sun-sues-bloomberg)

[6] AOL.com (https://www.aol.com/blue-origins-latest-launch-sends-160443145.html)