Justin Sun, the high-profile founder of the TRON (TRX) blockchain, has launched a legal battle against Bloomberg, accusing the media giant of improperly revealing sensitive details about his cryptocurrency holdings. The lawsuit, filed in Delaware on Monday, claims the disclosure could cause him significant and irreversible harm.
Dispute Over Financial Disclosure
The conflict stems from early 2025, when Bloomberg considered including Sun in its prestigious Billionaires Index. To proceed, the outlet asked Sun to verify his net worth. Sun, however, raised concerns about confidentiality and data protection.
According to Bloomberg spokeswoman Ms. Shen, the index would only share general information about Sun’s wealth, specifically referencing his Bitcoin holdings. After reviewing existing profiles and assessing the nature of disclosures, Sun agreed to participate despite initial skepticism.
Tensions rose when Sun allegedly learned that Bloomberg intended to publish far more detailed financial information than he anticipated. His legal team now argues that Bloomberg breached privacy and confidentiality agreements, warning that the unauthorized release could have serious consequences.
Bloomberg’s Defense
In its response, Bloomberg asserted that restricting publication would infringe upon its First Amendment rights. The company argued that prior restraint is permitted only in rare situations, none of which apply here, and that the story serves the public interest.
The disputed August 13 article claimed Sun holds roughly 60 billion TRX tokens, the native currency of the TRON network, based on information his attorneys provided in February 2025. Bloomberg maintains that Sun’s claims of privacy violations and promissory estoppel are unfounded.