Justin Sun, the crypto billionaire who’s always in some kind of trouble (like, always), has decided to take on Bloomberg. Because, you know, why not? 🤷♂️ He filed a lawsuit on Monday because apparently, Bloomberg decided to spill the tea ☕ on his cryptocurrency holdings. And let’s be honest, Justin’s tea is probably worth billions.
The lawsuit, filed in Delaware (because Delaware is the place for all things corporate drama), accuses Bloomberg of “improperly” disclosing his financial secrets. Like, come on, Bloomberg, couldn’t you just stick to reporting on inflation and Elon’s tweets?
Justin Sun vs. Bloomberg: The Financial Tug-of-War
Here’s the deal: Bloomberg wanted Justin Sun in their fancy “Billionaires Index.” You know, the list that makes everyone feel poor? To get on there, Justin had to cough up his financial info. But, surprise, surprise, he was worried about confidentiality. Who wouldn’t be? Especially when you’re sitting on mountains of crypto. 🏔️
Bloomberg’s rep, Ms. Shen, assured Justin that only general details would be shared. Justin, being the cautious guy he is, checked out existing profiles on the index. Seeing how others’ crypto assets were handled, he finally agreed. Big mistake. Huge.
Fast forward, and Bloomberg decides to publish way more than Justin was comfortable with. Cue the lawsuit! Justin’s legal team is now accusing Bloomberg of breaking promises like a bad ex. 🚨
Bloomberg’s Defense: “But… First Amendment!”
Bloomberg, of course, is defending itself with the classic First Amendment card. They’re basically saying, “Hey, we’re the press! We can publish whatever we want!” 🗞️
They argue that stopping them from publishing would be like silencing free speech. And sure, that’s a valid point, but maybe, just maybe, they could’ve been a little more discreet? Just a thought.
According to Bloomberg’s article, Justin holds over 60 billion TRX tokens (the Tron blockchain’s cryptocurrency). Oh, and let’s not forget his 17,000 Bitcoin, 224,000 Ethereum, and 700,000 Tether. You know, casual pocket change. 💸
Oh, and did I mention he owns HTX, the cryptocurrency exchange? Bloomberg estimates it made $1.3 billion in 2024. So yeah, Justin’s not exactly hurting for cash.
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2025-08-15 05:19