Justin Sun Sues Bloomberg Over Planned Disclosure of His Cryptocurrency Holdings

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Justin Sun Sues Bloomberg Over Cryptocurrency Disclosure

Justin Sun has filed a lawsuit against Bloomberg, claiming the media company plans to “recklessly and improperly disclose his highly confidential, sensitive, private, and proprietary financial information,” obtained while verifying his assets for the Bloomberg Billionaires Index.

Sun argues that this disclosure could cause him “significant and irreparable harm—both financially and physically,” noting that Bloomberg intends to use the information in an article unrelated to the index. He specifically objects to the publication of “granular details about his cryptocurrency assets, including a breakdown of his cryptocurrency holdings,” which he says he would not have agreed to share had he known the full scope.

After sending a cease-and-desist, Sun was told Bloomberg still plans to publish. He is now seeking an injunction to block the release. Bloomberg, meanwhile, has stated it will oppose a temporary restraining order, noting the issue may already be moot since the information has been published.

At the center of the dispute are rough estimates of Sun’s cryptocurrency holdings: approximately 60 billion TRX, 17,000 BTC, 224,000 ETH, and 700,000 USDT. Observers suggest Sun’s main concern may be the revelation that he controls 63% of the total TRX supply, which could be higher than previous estimates. Some speculate additional motivations, including managing public perception, regulatory scrutiny, or tax considerations.

The case, Sun v. Bloomberg, L.P., is now pending in the U.S. District Court for the District of Delaware.

Anyone who has been following Justin Sun knows he is a prolific liar and serial scammer. Nearly everything he says is either a lie, a desperate grab for attention, or a move for personal gain. The reason he doesn’t want this article revealed is clear: it would expose him for the criminal he is and cause serious reputational and legal harm. Consider how Bloomberg operates—when they dig up information for the Billionaire Index, they rarely follow up with a critical article unless they’ve found something truly damning. The fact that this piece exists shows that Sun is literally shaking in his boots.

Why TRON (TRX) Remains a Risky Bet

If you're holding TRON (TRX), it's time to reconsider. The project has long been shrouded in controversy, and recent developments only add to the skepticism.

Tether (USDT) Connection: TRON has become a significant platform for Tether's operations. In April 2025, Tether minted an additional $1 billion USDT on the TRON blockchain, bringing the total USDT supply on TRON to over $50 billion. This deep integration raises questions about the project's stability and transparency.

Moreover, they have a secret deal. Tether has been granted free rein to mint USDT on the TRON network. In exchange, Tether will artificially prop up TRON’s price (as it does with Bitcoin, Ethereum, and nearly every other big crypto token). This directly helps Justin Sun’s empire. This shady arrangement, when exposed, would trigger a seismic rupture in the crypto market, dwarfing even the FTX collapse I predicted. Mark my words: this bombshell will dominate headlines in the near future, shaking the industry to its core.

Legal Troubles: Justin Sun continue to face significant legal challenges in the U.S. The Securities and Exchange Commission (SEC) filed a lawsuit in March 2023, accusing them of selling unregistered securities and manipulating the market through wash trading. This lawsuit also involves allegations that TRON paid celebrities, including Akon, Soulja Boy, and Lindsay Lohan, to promote its tokens without proper disclosure of compensation.

In October 2024, a U.S. District Court allowed investors to proceed with a securities class action against TRON and Sun, rejecting their motion to dismiss claims of misleading investors . However, in February 2025, both parties agreed to pause the lawsuit for 60 days to explore a potential resolution.

Additionally, TRON is under scrutiny for its involvement in illicit financial activities. A 2024 report by the United Nations Office on Drugs and Crime identified TRON as a preferred platform for crypto money laundering in Asia . Despite these ongoing legal and regulatory issues, TRON is attempting to go public through a reverse merger with SRM Entertainment, a Nasdaq-listed company.

Diplomatic Controversies: Sun's appointment as Grenada's Ambassador to the World Trade Organization in 2021 was met with criticism. The position was seen by some as a strategic move to gain diplomatic immunity amid legal challenges. In March 2023, Sun's diplomatic status was thankfully revoked following the SEC lawsuit.

Shady Practices: Sun's history is marred by questionable actions, including allegations of wash trading to inflate TRX prices and using celebrity endorsements without proper disclosures. These practices have tarnished the project's reputation and raised ethical concerns.

Conclusion: TRON's association with Tether, ongoing legal issues, and Sun's controversial actions make it a high-risk investment. If you're holding TRX, it may be wise to exit before potential fallout affects the token's value.

TRON’s tied up with Tether’s risks, drowning in lawsuits, and led by a guy whose moves keep raising eyebrows. The Bloomberg fight just shows how much Sun’s got to hide—and how centralized TRON really is. If you’re holding TRX, I’d cash out before the next shoe drops. This project’s too shaky to bet on.

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