Judge denies Justin Sun’s bid to block Bloomberg over crypto holdings
Justin Sun, the founder and CEO of Tron, faced a setback in his lawsuit against Bloomberg when a US judge denied his request for a temporary restraining order regarding the publication of his cryptocurrency holdings. In a decision from Judge Colm Connolly in the US District Court for Delaware, the motion to stop Bloomberg from publishing details on Sun's crypto assets, which include approximately 60 billion Tron, 17,000 Bitcoin, 224,000 Ether, and 700 million Tether, was rejected. Sun had claimed that these holdings were unverified, confidential, and private, seeking relief after Bloomberg contacted his team for information to update its Billionaires Index. He argued that disclosing his holdings exposed him to increased risks, such as hacking and kidnapping. However, the judge found that Sun did not demonstrate that Bloomberg had made any assurances regarding the confidentiality of this information or that he would be at higher risk as a result of its publication. Sun's legal team had initially filed the complaint on August 11 and renewed their efforts on September 11 to block the publication.
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