Justin Sun Sues Bloomberg Over Inaccurate Billionaires Index Report
Justin Sun, founder of Tron, has initiated a lawsuit against Bloomberg for allegedly publishing inaccurate information about his crypto holdings. He claims the outlet listed assets he never owned while excluding those he actually holds.
Legal Action Against Bloomberg
- Sun's legal representatives argue the Bloomberg Billionaires Index contains erroneous data that misrepresents his assets.
- He is seeking a court order to halt further publication of the article, citing concerns over the disclosure of confidential financial information.
- Bloomberg intends to contest the motion, stating the article was published prior to Sun's lawsuit.
Verification of Assets
- In February, a Bloomberg journalist approached Sun to confirm his inclusion in the Billionaires Index and assured confidentiality for his financial details.
- Sun later discovered that Bloomberg reported only a lump sum value of his crypto holdings, raising concerns about more detailed disclosures planned for an unrelated article.
Sun’s Crypto Investments
- In January, he invested $45 million in World Liberty Financial, linked to Donald Trump.
- Last month, he advocated for a dual-profit strategy for TRX holders and committed $100 million to the Official Trump token.