Tron founder Justin Sun has taken legal action against Bloomberg, alleging that the media outlet violated his privacy rights by revealing his confidential financial information in its Billionaires Index profile. In a court filing on August 11, Sun accused Bloomberg of planning to disclose sensitive details about his cryptocurrency holdings without his consent, potentially causing significant harm both financially and personally. Sun provided Bloomberg with some information about his crypto portfolio for verification purposes only, with the condition that it would not be published without his approval. However, he claimed that Bloomberg’s report expanded beyond the usual data found in the Billionaires Index and directly contradicted their agreement. Sun argued that this disclosure could expose his crypto wallets to malicious actors, posing risks such as theft, hacking, and physical harm to himself and his family. His legal team highlighted the potential dangers, stating that once Sun’s wallet information is public knowledge, he could become a prime target for cybercriminals seeking to exploit the data for malicious purposes. This lawsuit adds to Bloomberg’s history of conflicts with notable figures in the crypto industry, including a previous threat of legal action from Binance founder Changpeng Zhao over alleged false reports. In response to the lawsuit, Bloomberg informed Judge Maryellen Noreika in a letter dated August 12 that it would contest the legal action and the requested temporary restraining order (TRO) by Sun. The media outlet argued that the TRO was unnecessary as the article had already been published prior to receiving a cease-and-desist notice from Sun’s legal team, asserting its First Amendment rights. Bloomberg’s report estimated Sun’s net worth at $12.4 billion, primarily attributed to digital assets. It revealed that Sun held over 60 billion TRX tokens, representing about 63% of the token’s total supply, along with significant amounts of Bitcoin, Ethereum, and Tether USD. The analysis focused on verifiable on-chain holdings and excluded assets held on exchanges like HTX and Binance. This legal dispute underscores the ongoing tensions between Justin Sun and Bloomberg, highlighting the complexities surrounding privacy, media reporting, and the protection of personal financial information in the digital age.
Justin Sun Sues Bloomberg Over Disclosure of TRON Token Holdings
