Judge denies Justin Sun’s bid to block Bloomberg over crypto holdings
A US judge has denied a temporary restraining order sought by Justin Sun, founder and CEO of Tron, against Bloomberg regarding the disclosure of his cryptocurrency holdings. Sun’s lawsuit claimed that Bloomberg's publication of specific amounts of cryptocurrency, which included 60 billion Tron, 17,000 Bitcoin, 224,000 Ether, and 700 million Tether, compromised his privacy and safety. Judge Colm Connolly ruled in the US District Court for the District of Delaware that Sun did not prove that Bloomberg had guaranteed the confidentiality of his financial information. Furthermore, the judge noted that Sun failed to demonstrate that publicizing his crypto holdings would increase his risk of personal threats, as he had already publicly disclosed some of his wealth through social media. This ruling comes after Sun initiated legal action in August, following discussions with Bloomberg about his wealth for its Billionaires Index. The judge's decision emphasizes the balance between private financial information and public interest, particularly for high-profile individuals in the cryptocurrency space.
Source 🔗