Justin Sun, the founder of the Tron blockchain, has filed a lawsuit against Bloomberg and requested a temporary restraining order, claiming the outlet published false and private financial information in its billionaires list.
Sun’s team stated in a Tuesday blog post on Tron that his profile in the Bloomberg Billionaires Index, released Monday, contained “inaccurate data that dramatically and dangerously misrepresents Mr. Sun’s assets.”
On Monday, Sun filed the lawsuit in a Delaware federal court, asking a judge to prevent Bloomberg from publishing the information, arguing that the move was necessary to stop the outlet from “recklessly and improperly disclosing his highly confidential, sensitive, private, and proprietary financial information.”
In response, Bloomberg’s lawyers told the court in a Tuesday letter that the company would oppose Sun’s request for a restraining order, noting that the application was effectively moot because the information had already been published.
Bloomberg declined to comment, and Sun’s lawyer did not immediately respond to requests for comment.
Sun alleges that Bloomberg had promised the information would remain confidential
In his complaint, Sun stated that a Bloomberg journalist contacted his team in February to include him in the Bloomberg Billionaires Index, which required “verifying his assets to confirm his net worth.”
Sun agreed and says he received “explicit assurances” that his financial information—especially regarding his cryptocurrency holdings—would be kept “strictly confidential” and used solely to verify his net worth, according to the filing.
Sun stated that while he had reviewed other profiles on the Index, which typically list crypto holdings as a single lump sum, Bloomberg intended to publish “specific financial holdings—in granular detail—alongside misstatements” about his assets.
The complaint also alleged that the outlet planned to use the information for an “unrelated Bloomberg article.”
Sun said he sent Bloomberg a cease-and-desist letter on Aug. 2 to prevent the publication of his holdings, but the outlet confirmed it would proceed with the article.
In a Tuesday blog post, Sun argued that the report attributes crypto holdings to him that “he has never owned, controlled, or had any beneficial interest in” while omitting cryptocurrency he actually owns.
He added in his complaint that publishing the information “would cause significant harm” and expose him and his family to a “significant risk of theft, hacking, kidnapping, and bodily harm.”
Bloomberg opposes Sun’s request for a restraining order
Bloomberg’s lawyers argued in a court letter that Sun’s request for a temporary restraining order was invalid because the information had already been published.
According to Bloomberg, Sun filed for the order shortly after 7 p.m. Eastern on Monday, while the article had gone live nearly two hours earlier.
The company said it would oppose the request, asserting that granting it would violate its First Amendment rights protecting press and speech freedom, which it argued would “gravely disserve the public interest.”
Bloomberg also intends to argue that Sun cannot prove the article invaded his privacy, caused irreparable harm, or that the outlet broke any promise to him.
Bloomberg reports Sun’s TRX holdings surpass his BTC holdings
On Monday, Bloomberg updated Sun’s profile in its Billionaires Index, reporting that he owns a substantial portion of Tron, the native token of the blockchain he founded, citing “an analysis of financial information provided by representatives of Sun in February 2025.”
The report noted that, based on this analysis, the bulk of Sun’s net worth comes from cryptocurrency holdings.
However, Bloomberg rated its confidence in the analysis just one out of five stars—a point Sun highlighted in a Tron blog post, calling it evidence of “the weakness of their reporting.”
