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Sun’s Bid to Block Detailed Crypto Profile From Bloomberg Meets First Amendment Defense

Sun filed suit after confidentiality assurances were allegedly breached; Bloomberg insists the profile went live before Sun’s legal notice, invoking First Amendment protections.

Justin Sun
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Justin Sun sues Bloomberg over plan to publish confidential crypto holdings
Justin Sun

Overview

  • Sun’s August 11 complaint in Delaware federal court seeks a temporary restraining order and both preliminary and permanent injunctions to prevent Bloomberg from publishing specific cryptocurrency amounts and to recover legal fees.
  • Bloomberg’s August 11 Billionaires Index profile estimated Sun’s net worth at about $12.4 billion and broke down his on-chain assets, including roughly 60 billion TRX, 17,000 Bitcoin, 224,000 Ether and 700,000 Tether.
  • In an August 12 court filing, Bloomberg’s legal team told Judge Maryellen Noreika that Sun’s request for a restraining order is moot because the article had already been published and pledged to defend its reporting under First Amendment protections.
  • TRON DAO publicly disputed Bloomberg’s figures, arguing the report attributes tokens Sun never owned and omits assets he does hold, calling into question the accuracy of the on-chain attribution.
  • Sun’s lawsuit cites internal Bloomberg messages showing reporters agreed to keep his wallet data confidential and delete it after verification, warning that granular disclosure heightens risks of hacking, extortion and physical attacks.