Justin Sun, founder of the Tron blockchain, has sued Bloomberg in a Delaware federal court. He alleged the outlet wrongly published false and private financial information about his cryptocurrency holdings in its Billionaires Index.
In a blog post by Tron on Tuesday, Sun said Bloomberg’s profile on him, released Monday, “published inaccurate data that dangerously misrepresents” his assets. He filed for a temporary restraining order to stop Bloomberg from publishing the disputed information. The complaint described the data as “highly confidential, sensitive, private, and proprietary financial information.”
According to the lawsuit, the report included cryptocurrency holdings that Sun has “never owned, controlled, or had any beneficial interest in” and left out assets he does own. Sun claimed the disclosure could expose him and his family to theft, hacking, kidnapping, and bodily harm.
Bloomberg Pushes Back on Court Request
Bloomberg’s lawyers told the court on Tuesday they will oppose the request for a restraining order. They said the order is “moot” because Bloomberg published the article nearly two hours before Sun filed his motion on Monday evening.
The outlet plans to argue that blocking the report would violate its First Amendment rights on press and speech freedom. Bloomberg also said Sun cannot prove the report invaded his privacy, caused irreparable harm, or broke a confidentiality promise.
Bloomberg declined public comment. Sun’s lawyer has not responded to Bloomberg’s statements.
Confidentiality Dispute Between Sun and Bloomberg
Sun’s complaint stated that a Bloomberg journalist contacted his team in February 2025 about adding him to the Billionaires Index. The journalist requested verification of his assets to confirm his net worth. According to the filing, Bloomberg gave “explicit assurances” that details about his cryptocurrency holdings would remain confidential and be used only for verification.
Sun said he reviewed other Billionaires Index profiles that list cryptocurrency as a lump sum value. He claimed Bloomberg prepared to publish “specific financial holdings — in granular detail — alongside misstatements” about his assets.
The filing also alleged Bloomberg planned to use the data in an unrelated article. Sun said he sent a cease and desist letter on August 2 to stop the publication. Bloomberg, however, confirmed it would still release the report.
Bloomberg’s Published Analysis of Sun’s Cryptocurrency Holdings
Bloomberg updated Sun’s profile on Monday. The report said most of his net worth comes from cryptocurrency, particularly TRX, the native token of the Tron blockchain. The analysis, based on financial data from Sun’s representatives in February, showed that Sun’s TRX holdings exceed his Bitcoin holdings.
Bloomberg rated its confidence in the valuation one star out of five, indicating low certainty. Sun’s blog post referenced this rating as showing the “weakness” of the report.
The profile is part of Bloomberg’s regularly updated Billionaires Index, which tracks and ranks global wealth, including assets held in cryptocurrency.
