Justin Sun Takes Bloomberg to Court Over ’Fake News’ Crypto Fortune Claims

TRON founder fires back with defamation lawsuit—because nothing says 'billionaire' like suing for reputation repair.

Subheader: When Headlines Hurt More Than Market Crashes

The crypto mogul claims Bloomberg's 'wildly inaccurate' net worth report could scare off institutional investors—or worse, make his Lambo payments look suspicious. Legal teams are now parsing whether 'misreported billions' counts as libel or just creative accounting.

Subheader: Media vs. Meme Lords

This showdown pits old-school financial journalism against Web3's reality-distortion field. Sun's lawyers argue the piece ignored his 'strategic illiquidity' (read: locked staking tokens), while Bloomberg stands by its 'rigorous methodology'—presumably the same one that misses 80% of crypto's shadow liquidity.

Closing jab: In an industry where fortunes evaporate faster than a DeFi rug pull, maybe the real crime is reporting any number at all.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.