Justin Sun, founder of the Tron blockchain, has sued Bloomberg and sought a temporary restraining order, alleging it published false and private financial information in its billionaires list.
Sun’s representatives said on Tuesday in a blog post by Tron that his profile on the Bloomberg Billionaires Index released on Monday had “published inaccurate data that dramatically and dangerously misrepresents Mr. Sun’s assets.”
Sun sued Bloomberg in a Delaware federal court on Monday, asking a judge to stop it from publishing the information, claiming the action was to prevent the outlet from “recklessly and improperly disclosing his highly confidential, sensitive, private, and proprietary financial information.”
Lawyers for Bloomberg said in a letter to the court on Tuesday that the company will oppose Sun’s application for a restraining order and asserted “the entire basis” of the application was moot as the outlet had published the information before the application was filed.
Bloomberg declined to comment. A lawyer for Sun was asked for comment.
Bloomberg said information would be confidential, Sun claims
In his complaint, Sun claimed a Bloomberg journalist approached his team in February to include Sun in the Bloomberg Billionaires Index, for which it would need to “verify his assets to confirm his net worth.”
Sun agreed and was given “explicit assurances” that his financial information, “particularly related to his cryptocurrency holdings, would be held ‘strictly confidential’” and Bloomberg would only use it to verify his net worth, according to the filing.
Sun said he reviewed profiles on the Index that included crypto holdings, which “report only a lump sum value,” but claimed Bloomberg planned to publish “specific financial holdings — in granular detail — alongside misstatements” about his holdings.
The complaint claimed the outlet also planned to use the information for an “unrelated Bloomberg article.”
Sun claimed to have sent Bloomberg a cease and desist letter on Aug. 2, aiming to stop the publication of his holdings, but said the outlet confirmed it would still be publishing the article.
In the blog post on Tuesday, Sun said the report attributes crypto holdings to him that “he has never owned, controlled or had any beneficial interest in, and fails to report cryptocurrency holdings he does own.”
He claimed in his complaint that the publication of his holdings “would cause significant harm” and subject him to a “significant risk of theft, hacking, kidnapping, and bodily harm to him and his family.”
Bloomberg pushes back on restraining order
Lawyers for Bloomberg argued in their letter that Sun’s filing for a temporary restraining order couldn’t stand, as the outlet had already published the information at issue.
Bloomberg said Sun filed for the order to stop the article just after 7 pm Eastern US time on Monday, but the outlet had published the article almost two hours earlier.
Bloomberg said it would oppose the application and planned to argue that it would infringe on its First Amendment rights, governing press and speech freedom, which would “gravely disserve the public interest.”
It also planned to argue that Sun can’t show the article invaded his privacy, caused irreparable harm, or that Bloomberg breached a promise to him.
Sun’s TRX holdings eclipse BTC holdings, Bloomberg reports
Bloomberg updated its profile on Sun in its Billionaires Index on Monday, reporting he owns a large swathe of Tron (TRX), the native token of the blockchain he founded, and attributed the figure to “an analysis of financial information provided by representatives of Sun in February 2025.”
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Bloomberg’s report added, citing the analysis of his financial information, that a majority of Sun’s net worth came from crypto holdings.
Still, the outlet gave its confidence in its analysis one star out of five, which Sun argued in Tron’s blog post showed “the weakness of their reporting.”
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