Justin Sun, the founder of TRON, has filed a lawsuit against Bloomberg over the publication of his wealth and cryptocurrency wallet addresses, claiming it creates risks to his safety.
Lawsuit Against Bloomberg
Sun has filed a lawsuit against Bloomberg after the publication of his profile in their Billionaires Index, which he claims misrepresents his assets. He is seeking the removal of the profile, asserting it is false and misleading regarding his wealth.
Disputed Crypto Assets
The Bloomberg profile estimates Sun's net worth at $12.4 billion, most of which is composed of TRX tokens. The report states that he owns 60 billion out of the 94 billion TRON tokens in circulation, along with 17,000 bitcoins and 224,000 ethers. However, Sun claims that Bloomberg attributed to him crypto assets he has never owned or controlled.
> “Bloomberg’s reporting attributes to Mr. Sun cryptocurrency holdings he has never owned, controlled or had any beneficial interest in,” said TRON DAO.
Safety Concerns and Bloomberg's Response
Sun is concerned that the publication of his wallet addresses could expose him to risks of hacking or kidnapping. He filed for an injunction to prevent the publication of these addresses. In response, Bloomberg's legal team stated they would oppose Sun's restraining order, arguing that Sun cannot demonstrate how the profile caused him harm or that Bloomberg breached any promises.
The situation between Justin Sun and Bloomberg highlights the importance of personal data protection in the cryptocurrency world and underscores the need for clear information regarding the wealth of high-profile individuals.
