A US district court has declined Tron founder Justin Sun’s effort to stop Bloomberg from publishing details about his digital currency portfolio.
The judge’s decision blocks Sun’s request for an emergency order that would have prevented the news outlet from reporting estimated figures related to his crypto holdings.
The ruling, made on September 22 by Judge Colm Connolly in Delaware, sided with Bloomberg after Sun claimed the outlet intended to reveal private and unverified financial information.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is AVAX? (Avalanche Network Explained With Animations)
The judge noted that Sun had not proven that Bloomberg had made any agreement to keep the data confidential.
In February, Bloomberg had reached out to Sun’s team as part of research for its Billionaires Index and was seeking more information about his financial status.
Sun responded by filing a lawsuit in August, followed by a renewed request in September for the court to stop Bloomberg from releasing details of specific cryptocurrencies he owns.
Court records showed that the estimated holdings included around 17,000 Bitcoin
However, the judge pointed out that Sun had already made public disclosures about his cryptocurrency, especially Bitcoin, through his own social media activity.
Judge Connolly stated that Sun had not shown clear evidence of harm that would justify restricting the press. He emphasized that Sun’s own past comments about his Bitcoin holdings were more detailed than what Bloomberg planned to share.
On September 17, two members of the US Congress sought answers from the SEC about how the agency has handled matters related to Tron’s Nasdaq listing and a legal case involving Sun. What did they say? Read the full story.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
