It is a truth universally acknowledged, that a man in possession of a good fortune must be in want of a reputation. Yet, Mr. Justin Sun, the illustrious founder of the Tron blockchain, finds himself embroiled in a most peculiar legal dispute with the estimable Bloomberg, over the billionaires list. One might almost suspect a plot more intricate than those penned by the finest novelists!
Mr. Sun’s representatives, in a blog post by Tron, have expressed their deepest concern regarding the profile of their client on the Bloomberg Billionaires Index, released on Monday. It is alleged that this profile has published inaccurate data, thereby misrepresenting the gentleman’s assets in a manner both dramatic and dangerous. One wonders what could be so perilous about a few digits on a page! 😅
In a move that could only be described as audacious, Mr. Sun has sued Bloomberg in a Delaware federal court, beseeching the court to restrain the publication of further information. His plea is grounded in the desire to prevent the wanton and improper disclosure of his highly confidential, sensitive, private, and proprietary financial information. One can almost hear the gasps of scandal in the drawing rooms of Mayfair!
The lawyers of Bloomberg, ever the defenders of the press, have penned a letter to the court, stating their intention to oppose Mr. Sun’s application for a restraining order. They assert that the very foundation of the application is rendered moot, as the information in question has already been made public. One cannot help but admire the swift and decisive action of the legal eagle! 🦅
Bloomberg’s Promise of Confidentiality Questioned
In his complaint, Mr. Sun recounts a tale of promises made and allegedly broken. He claims that a Bloomberg journalist approached his team in February, with the intention of including Mr. Sun in the Bloomberg Billionaires Index. This, he says, required the verification of his assets to confirm his net worth. With the grace of a gentleman, Mr. Sun agreed, under the explicit assurance that his financial information, especially concerning his cryptocurrency holdings, would be held strictly confidential. Alas, such promises seem as fleeting as the morning mist!
Mr. Sun’s complaint further states that he reviewed profiles on the Index, noting that they reported only a lump sum value of crypto holdings. However, he feared that Bloomberg intended to publish specific financial holdings in granular detail, accompanied by misstatements about his holdings. One can only imagine the consternation this must have caused! 😱
Mr. Sun claims to have sent a cease and desist letter to Bloomberg on August 2nd, in a final attempt to halt the publication of his holdings. Despite his efforts, Bloomberg confirmed it would proceed with the article. In the blog post, Mr. Sun laments that the report attributes crypto holdings to him that he has never owned, controlled, or had any beneficial interest in, while failing to report the holdings he does own. The publication of such details, he argues, would cause significant harm and place him and his family at risk. One hopes the gentlemen of the law will see the gravity of this situation!
Bloomberg’s Response to the Restraining Order
The lawyers of Bloomberg have countered Mr. Sun’s application for a temporary restraining order, arguing that it cannot stand since the information in question has already been published. Bloomberg maintains that Mr. Sun’s attempt to halt the article came too late, as the piece was published nearly two hours before his filing. The company plans to argue that the restraining order would infringe upon its First Amendment rights, a point of great importance in the land of the free. Furthermore, they intend to contest the claim that the article invaded Mr. Sun’s privacy, caused irreparable harm, or that Bloomberg breached any promises. One can only anticipate the fireworks that will ensue in the courtroom! 🎇
Sun’s TRX Holdings Eclipse BTC Holdings, Bloomberg Reports
Bloomberg, in updating Mr. Sun’s profile on the Billionaires Index, reported a vast holding of Tron (TRX), the native token of the blockchain he founded. According to the analysis of financial information provided by Mr. Sun’s representatives in February 2025, a significant portion of his net worth is derived from his crypto holdings. However, Bloomberg’s confidence in this analysis is rated a mere one star out of five, a fact that Mr. Sun has seized upon to highlight the weakness of their reporting. One wonders if this is a case of the pot calling the kettle black! 🌟
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2025-08-14 10:54