Justin Sun, the controversial crypto billionaire and founder of the Tron (TRX) blockchain, has ignited a new legal dispute by filing a lawsuit against media company giant Bloomberg on Monday.
The crux of the matter lies in a series of interactions between Sun and Bloomberg earlier this year. Bloomberg had approached Sun for potential inclusion in its “Billionaires Index,” a compilation of the world’s wealthiest individuals.
Assurances from a Bloomberg representative, Ms. Shen, led Sun to believe that only general details about his assets, particularly his cryptocurrency holdings, would be shared in the Billionaires Index.
However, the situation took a contentious turn when Sun discovered Bloomberg’s intention to publish detailed financial information beyond his expectations.
In response, Sun’s legal team accused Bloomberg of breaching promises of confidentiality and privacy, emphasizing that any unauthorized disclosure could lead to severe consequences.
In its defense, the media company argues that such prior restraint is only justified in rare circumstances, which they contend do not apply in this case.
Bloomberg maintains that Justin Sun cannot demonstrate a likelihood of success on his claims of invasion of privacy or promissory estoppel, and they assert that the publication is in the public interest.
Furthermore, the analysis reveals that Justin Sun’s cryptocurrency portfolio extends beyond TRX, encompassing approximately 17,000 Bitcoin (BTC), 224,000 Ethereum (ETH), and 700,000 Tether.
Featured image from DALL-E, chart from TradingView.com
