Federal Court Denies Justin Sun's Bid to Block Bloomberg from Revealing $3B Crypto Holdings

23.09.2025 22:29

On September 22, 2025, Judge Colm Connolly of the U.S. District Court for the District of Delaware rejected Justin Sun's request for a temporary restraining order and preliminary injunction against Bloomberg, allowing the publication to disclose details of his cryptocurrency portfolio valued at over $3 billion. The ruling came after Sun filed a renewed motion on September 11, following failed negotiations, demanding Bloomberg remove specifics about his holdings from its Billionaires Index.

Court documents revealed that Sun's assets include approximately 60 billion Tron (TRX) tokens, 17,000 Bitcoin (BTC), 224,000 Ether (ETH), and 700 million Tether (USDT). Bloomberg initially contacted Sun's team in February 2025 for verification, but Sun argued that reporter Muyao Shen had promised confidentiality—a claim disputed by Bloomberg through sworn declarations. Judge Connolly found that Sun failed to prove any binding agreement or imminent risk, noting that Sun had previously disclosed similar information publicly, undermining his privacy claims.

The decision adds to Sun's legal challenges, including a 2023 SEC lawsuit alleging unregistered securities offerings by Tron, which was paused after President Trump's inauguration. Recent scrutiny has also linked Sun to Trump-affiliated crypto projects, such as World Liberty Financial, where his tokens were frozen earlier in 2025.