The High-Stakes Clash Between Crypto and Mainstream Media
Justin Sun, the creator of the Tron blockchain, is taking Bloomberg to court. He filed a lawsuit in Delaware federal court alleging that the magazine published false and dangerously detailed financial information about him in the latest Billionaires Index.
According to Sun’s team, the profile published on Monday “dramatically and dangerously misrepresents” his net worth and cryptocurrency holdings. Sun wants a temporary restraining order to stop Bloomberg from putting out and reproposing what he considers to be very confidential and proprietary information.
Promises of Confidentiality — Broken?
Sun’s complaint states that a Bloomberg journalist came to him in February 2025 to check his assets for the index. Sun asserts that he agreed to provide the information only after receiving explicit assurances that the information would be kept strictly confidential, especially regarding his cryptocurrency holdings and only to confirm his net worth.
According to Sun, Bloomberg intended to publish granular details of his holdings, including assets he says he never owned but also omitting assets he actually does hold. He states the outlet even hoped to employ the info for another article.
By early August, Sun claims he sent Bloomberg a cease-and-desist letter, but the company allegedly confirmed it would still run the article. According to a Tron blog post, Sun claimed that Bloomberg assigned crypto assets to him that do not belong to him, and that it did not list assets that he actually holds. The leak, he said, exposes him to “theft, hacking, kidnapping, and bodily harm.”
Bloomberg Fights Back
Bloomberg’s legal team wasted no time firing back. In a court letter, the company argues the request for a restraining order is pointless as the story was already live almost two hours before Sun filed it.
Bloomberg said Sun can’t show how the article violated his right to privacy, did irreparable harm, or broke any agreement. They also signalled they intend to challenge the order based on First Amendment grounds. Publishing the material would “gravely disserve the public interest,” they said.
What Bloomberg Reported
Bloomberg’s new profile now claims that Sun’s wealth is mostly from Tron (TRX) and not Bitcoin. Sun’s officials allegedly gave a financial statement in February and this was analysed.
Nonetheless, the magazine gave its estimate a confidence rating of only one star out of five — a point seized on by Sun to attack the accuracy of the report.
A Legal Battle of Privacy vs. Press Freedom
The legal battle now pits one of crypto’s most polarizing figures against one of the world’s most powerful news outlets — in a fight over privacy, press freedom, and the truth about billion-dollar fortunes.
