Justin Sun Takes legal Action Against Bloomberg Over Wealth Report
TRON DAO founder Justin Sun has initiated legal proceedings against Bloomberg for publishing his profile in the Bloomberg Billionaires Index. Sun alleges that this action exposes him to critically important risks.
In a recent blog post, TRON DAO disclosed that Sun filed a restraining order aiming to remove his profile from the index. This profile puts Sun’s net worth at roughly $12.4 billion, mainly from his TRX holdings.It suggests Sun owns around 60 billion TRX, constituting 60% of all circulated tokens. The report also mentions othre crypto assets, including Bitcoin and Ethereum.
Sun contests these figures, arguing the report contains inaccuracies.For instance, it attributes to him large crypto holdings he allegedly never owned or controlled. However, he has not disclosed precise details of his actual holdings.
Sun claims Bloomberg sought his consent to check his crypto wallet details but assured him these wouldn’t be publicized. Yet, he believes the act of sharing such sensitive data poses severe threats like hacking and kidnapping.
As of now, Bloomberg has kept the wallets undisclosed, claiming in their defense that Sun has failed to prove any harm caused by the profile publication.
