Court Denies Justin Sun’s Attempt to Stop Bloomberg from Revealing His $3B+ Crypto Portfolio
A federal court docket has rejected Justin Sun’s authorized try to forestall Bloomberg from disclosing monetary details about his crypto property valued at over $3 billion.
In a September 22 ruling filed within the U.S. District Court for the District of Delaware, Judge Colm Connolly dominated in favor of Bloomberg in Sun’s lawsuit difficult the publication’s disclosure of his digital asset holdings.
According to Connolly, Sun had filed a second movement in search of a brief restraining order and preliminary injunction to prohibit Bloomberg from “publishing the quantities of any particular cryptocurrency” in his possession.
Court Rejects Justin Sun’s Injunction Request
The choose dominated that Sun failed to show Bloomberg agreed not to disclose his portfolio particulars. Connolly said that Sun should “exhibit by clear and convincing proof” that Bloomberg made such a promise.
Court filings revealed that Sun’s holdings embody 60 billion Tron (TRX), 17,000 Bitcoin (BTC), 224,000 Ether (ETH), and 700 million Tether (USDT).
Bloomberg contacted Sun’s team in February for its Billionaires Index. Hours after publication, Sun filed a criticism and movement for a restraining order, then withdrew the movement three days later, citing ongoing talks.
After negotiations failed, Sun filed a renewed motion on September 11, demanding Bloomberg “take away the quantities of any particular cryptocurrency owned by Mr. Sun from any of its on-line publication.”
Sun particularly demanded that Bloomberg retract its declare that he owns 60 billion TRX and controls nearly all of the availability and cease publishing his crypto holdings sooner or later.
Sun alleged that reporter Muyao Shen promised that the knowledge would stay “strictly confidential and would solely be used to confirm his private property for the Billionaires Index profile.“
Bloomberg disputed this by sworn declarations. Shen said she made no “guarantees of confidentiality relating to any facets of Bloomberg’s protection of Mr. Sun.” Team members Dylan Sloan and Tom Maloney made comparable denials.
Evidence Favors Bloomberg
Chat screenshots from Bloomberg’s interview course of didn’t set up any confidentiality promise, Judge Connolly discovered.
Connolly famous that Bloomberg’s publication contained “data that’s arguably much less particular than what different entities and Sun himself have made public” and wouldn’t be objectively offensive to an affordable individual.
The choose dominated that Sun failed to show the chance of success on his privateness claims.
Connolly additionally discovered that Sun failed to show that releasing details about his crypto holdings would make him an “elevated goal for hacking, phishing, social engineering, kidnapping, or bodily harm,” partly due to his personal cryptocurrency disclosures on social media platforms.
“Sun himself has disclosed much more particular details about his Bitcoin holdings than what Bloomberg printed,” Connolly noticed.
The court docket determination comes weeks after Justin Sun’s cryptocurrency pockets was blacklisted by the World Liberty Financial, a mission related to the Trump household.
The WLFI mission froze 540 million unlocked WLFI tokens belonging to Sun, stopping him from transferring tokens after a Sun-linked handle made a number of WLFI token transfers on the Ethereum blockchain.
Sun publicly requested the unfreezing of his tokens, calling on the WLFI workforce to respect investor rights.
This improvement provides to ongoing hypothesis that Sun has been investing in President Trump-related cryptocurrency tasks to mitigate accountability in his present U.S. authorized proceedings.
SEC Chair Paul Atkins has addressed scrutiny over the Trump meme coin and Justin Sun’s $75M ties throughout a congressional listening to.#Crypto #SEChttps://t.co/dsWbJbB0s3
— Cryptonews.com (@cryptonews) May 20, 2025
The Tron founder faces a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) in 2023, alleging that his Tron cryptocurrency firm supplied unregistered securities.
Following President Donald Trump’s inauguration and the departure of former SEC Chair Gary Gensler, the agency requested a keep within the case.
Since then, the Chinese-born cryptocurrency entrepreneur has been buying stakes in ventures affiliated with President Trump.
In May, Sun attended a presidential gala exterior Washington, D.C., reserved for holders of President Trump’s official memecoin.
He was reported to be the investor with the biggest holdings of Trump meme cash.
Sun later disclosed that he acquired a Trump-branded Golden Tourbillon look ahead to being the highest holder of President Donald Trump’s memecoin.
The put up Court Denies Justin Sun’s Attempt to Stop Bloomberg from Revealing His $3B+ Crypto Portfolio appeared first on Cryptonews.
