Public Statements Weaken Sun's Cryptocurrency Privacy Case, Court Decides

A U.S. federal judge has rejected

founder Justin Sun’s attempt to block Bloomberg from releasing information about his cryptocurrency assets, determining that the outlet did not violate any confidentiality agreements or present substantial safety threats. Judge Colm Connolly, presiding in the U.S. District Court for the District of Delaware, issued the ruling on September 22, 2025, turning down Sun’s motions for both a temporary restraining order and a preliminary injunction.

Court documents showed that Bloomberg’s article referenced estimates of Sun’s crypto assets: 60 billion Tron (TRX), 17,000

(BTC), 224,000 Ether (ETH), and 700 million (USDT), with a total value exceeding $3 billion. Sun’s attorneys claimed the figures were “unverified, confidential, and private,” and argued that publicizing them could make Sun more susceptible to cyberattacks or personal danger. Nevertheless, Judge Connolly stated that Sun did not offer “clear and convincing evidence” that Bloomberg had agreed to keep the information secret. The judge also pointed out that Sun had previously disclosed even more specific details about his Bitcoin assets on social media, weakening his privacy arguments.

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

(WLFI), which recently froze $540 million worth of Sun’s tokens. The WLFI initiative, which has ties to the Trump family, cited security reasons for the freeze, leading Sun to publicly call for his assets to be returned.

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.

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