Justin Sun Takes Legal Action Against Bloomberg Over Explosive TRON Token Ownership Claims

TRON founder Justin Sun slaps Bloomberg with a lawsuit following allegations he controls 60% of the network's tokens—because nothing says decentralization like a billionaire holding majority stakes.

The crypto mogul fires back after the financial media giant published what he calls 'defamatory misinformation.' Sun's legal team claims the report could destabilize TRON's market position—though critics argue centralized ownership has always been crypto's worst-kept secret.

Bloomberg stands by its reporting, citing unnamed blockchain analysts. Meanwhile, TRX traders shrug—after all, in crypto-land, even lawsuits count as bullish marketing.

Sun claims Bloomberg set to dox his wallets

According to Sun, Bloomberg contacted him for information on his crypto holdings. He agreed to provide his wallet addresses for verification, under the condition that they would not be published.

Sun also sought an injunction to prevent Bloomberg from revealing those addresses. According to the complaint, publishing this information could put him at risk of hacking and kidnapping. So far, Bloomberg has not published the wallet addresses.

Bloomberg’s legal team responded by stating that they would oppose Sun’s restraining order. They argue that SUN cannot demonstrate how the profile caused harm or that Bloomberg breached any promise to him.