Public Statements Weaken Sun's Cryptocurrency Privacy Case, Court Decides
- U.S. court dismissed Justin Sun's lawsuit against Bloomberg over crypto portfolio disclosure, ruling no confidentiality breach or safety risks. - Judge highlighted Sun's prior public disclosures of Bitcoin holdings, undermining his privacy claims about $3B+ crypto assets. - Bloomberg denied confidentiality assurances, with court finding no evidence of agreements to withhold Sun's TRX, BTC, ETH, and USDT holdings. - Ruling emphasizes crypto privacy challenges for public figures, setting potential preceden
A U.S. federal judge has rejected
Court documents showed that Bloomberg’s article referenced estimates of Sun’s crypto assets: 60 billion Tron (TRX), 17,000
Bloomberg’s legal representatives refuted any claims of confidentiality, with journalist Muyao Shen and her team maintaining that no such assurances were given. The court found no proof in chat records or sworn statements to back Sun’s assertion of a confidentiality deal. Judge Connolly also determined that publishing Sun’s crypto holdings was not “objectively offensive,” especially since the data was less detailed than what Sun himself had made public. The judge further dismissed Sun’s claim that the disclosure would increase his risk of being targeted, noting that his own public statements lessened such concerns.
This decision adds to the ongoing examination of Sun’s business practices and legal challenges. The Tron founder is also involved in a 2023 lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over alleged unregistered securities sales. That case was put on hold after President Donald Trump took office, following a request from the SEC. At the same time, Sun has invested in crypto projects linked to Trump, such as
The court’s ruling highlights the difficulties of maintaining privacy in the cryptocurrency industry, especially for high-profile individuals. Sun’s case was undermined by his own pattern of revealing asset information, a point the judge considered pivotal. Bloomberg’s coverage reflects a broader movement toward transparency in tracking the wealth of billionaires, particularly as digital assets become more mainstream. This outcome could influence future legal battles over the publication of crypto asset information, stressing the importance of explicit agreements to ensure confidentiality.
Sources:
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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