Justin Sun Sues Bloomberg After Leak Reveals His TRON Crypto Fortune Valued at $12.4 Billion

Justin Sun, founder of TRON, filed a lawsuit against Bloomberg after the American outlet published detailed data about his cryptocurrency fortune, valued at $12.4 billion.

“Source: Courtlistener The complaint stemmed from Bloomberg reaching out to Sun’s team in February 2025 to gather information about the Tron founder’s wealth for its Billionaires Index”

Cointelegraph

Sun’s complaint says that in 2025 he revealed details of his holdings in digital assets as part of a wealth-verification process allegedly requested by Bloomberg to include him in its Bloomberg Billionaires Index, and that the information was provided under a strict confidentiality agreement.

Cointelegraph

The dispute centers on Bloomberg’s publication of precise holdings data that Sun argues could identify specific addresses of cryptocurrency wallets and increase his vulnerability.

Sun also argues that the disclosure poses a serious personal risk by aiding hackers, thieves or kidnappers, and the concern is framed alongside reports that, on average, each week a Bitcoin holder is kidnapped worldwide.

CriptoNoticias reports that Sun revealed he controls more than 60% of all TRX tokens, citing Bloomberg’s data as the trigger for the legal dispute.

In the lawsuit filed in a federal court in Delaware, Sun maintains that Bloomberg recklessly disclosed highly confidential, sensitive, and private financial data, warning that such exposure could cause him "significant and irreparable damages, both financial and physical".

CriptoNoticias

CriptoNoticias also quotes Cory Klippsten, CEO of Swan, saying, "He showed Bloomberg proof that he owns 60 billion TRX. Unfortunately, the total supply is 95 billion," highlighting a contradiction between Sun’s intention and the transparency created by the published figures.

Bloomberg, for its part, said it will oppose Sun’s request for a restraining order, arguing that the information had already been published before the entrepreneur filed his lawsuit.

Cointelegraph describes how the Bloomberg-Sun complaint stemmed from Bloomberg reaching out to Sun’s team in February 2025 to gather information about the Tron founder’s wealth for its Billionaires Index.

“Economist (UNED, 2020) and public administration technician, I am an enthusiast of cryptocurrencies and technology”

icobench

Cointelegraph also notes that the case saw a voluntary dismissal after months of inactivity on the public docket, while Sun has an ongoing lawsuit filed by the Trump family-backed crypto company World Liberty Financial alleging defamation against the Tron founder.

Separately, Cointelegraph reports that an AI project was under scrutiny in a New York courtroom in a class-action lawsuit filed in April against Eliza Labs, its founder Shaw Walters, Sebastian Quinn-Watson and the AI16z DAO, alleging market manipulation over the AI16Z token.

In that suit, Cointelegraph says the token’s market capitalization surged to $2.6 billion in January 2025 before "large holders began liquidating," and it adds that Chris Dixon of a16z Crypto said in a January 2025 podcast that the company demanded the project change its name due to brand confusion.