Justin Sun and Tron’s legal battle with Bloomberg just got a lot bigger and a whole lot more complex. Here’s what’s next in the Tron founder’s legal dispute.
A federal judge’s order and a fresh salvo from Justin Sun’s camp have escalated the TRON founder’s fight with Bloomberg over the disclosure of his crypto holdings.
TRON founder Justin Sun’s legal dispute with Bloomberg deepened this weekend after his representatives accused the news outlet of breaking a confidentiality promise.
The statement came days after a Delaware federal judge rejected Sun’s request to block Bloomberg from publishing details of his personal wealth.
The update was posted on Sunday on TRON DAO’s Medium page. Sun’s team said the case is about “accountability” and claimed “some of what [Bloomberg] published was blatantly inaccurate.”
What Asset Figures Reported by Bloomberg Were Highlighted in Court?
On September 22, Judge Colm Connolly denied Sun’s bid for a temporary restraining order and preliminary injunction. The court said Sun had not shown a strong chance of winning or proof of irreparable harm.
Sun’s legal team stressed that Judge Colm F. Connolly’s denial was based only on the high bar for early injunctions, not on the strength of their case. They argued that Bloomberg “broke a contractual promise of confidentiality” in publishing details of his holdings.
In his order, Judge Connolly said Sun had not shown enough proof that Bloomberg agreed to keep the information private. He also pointed to Sun’s own prior disclosures that weakened his claim to confidentiality.
The ruling cited Bloomberg’s reported numbers: more than 60Bn TRX, about 17,000 BTC, 224,000 ETH, and 700M USDT.
The court decision came the same week Bloomberg ran a prominent feature on Sun, detailing his growing profile in US political circles.
The coverage highlighted public interest in his wealth and influence, underscoring why the dispute over confidentiality has drawn so much attention.
Such a quandary! Justin Sun wanted to sound rich for the Billionaires list, so he divulged to Bloomberg proof that he owns 60 billion TRX. Unfortunately the supply is only 95 billion. So he freely admitted that one guy owns almost 2/3 of Tron 😂
Now he’s suing Bloomberg for……
— Bitcoin Cory 🦢 Swan.com (@coryklippsten) August 14, 2025
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What Are Justin Sun’s Main Allegations Against Bloomberg?
The order also cited sworn statements from Bloomberg journalists, who denied making any confidentiality pledge, and noted that some of the asset figures matched outside estimates and Sun’s public posts.
Sun’s lawsuit, filed in August, alleges that Bloomberg unlawfully disclosed private facts and broke a promise tied to its Aug. 11 Billionaires Index profile.
His team insists the case is contractual, saying “the First Amendment does not give media companies a right to breach contracts or spread misinformation.”
As per Coingecko data, TRX traded near $0.338 on Sunday with a market cap of $32Bn, showing little immediate reaction to the legal fight.
The case highlights the tension between transparency about a high-profile crypto executive’s wealth and claims of privacy. As the dispute moves forward, more hearings are expected.
The case continues on the merits in Delaware. The court’s denial applies only to interim relief; discovery and further motions could follow, or the parties could move toward settlement.
For now, Bloomberg’s reporting remains online, and Sun’s camp says it will “continue to challenge misinformation” as proceedings unfold.
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The post Justin Sun’s Battle With Bloomberg Just Got Bigger appeared first on 99Bitcoins.
