Justin Sun, Bloomberg in legal dispute over billionaires index
Main Idea
Justin Sun, founder of the Tron blockchain, has sued Bloomberg over its Billionaires Index, claiming it published inaccurate data about his net worth and misused confidential information.
Key Points
1. Justin Sun filed a lawsuit against Bloomberg in a Delaware federal court, alleging the Billionaires Index published inaccurate data about his holdings.
2. Sun claims Bloomberg misused sensitive, private information he provided to verify his net worth, violating their agreement.
3. Bloomberg updated its profile on Sun in the Billionaires Index, stating a majority of his net worth came from crypto holdings, which Sun disputes.
4. Bloomberg's lawyers argued against Sun's restraining order, citing press and speech freedom protections.
5. Sun sent a cease and desist letter to Bloomberg on Aug. 2, but the outlet proceeded with publishing the article.
Description
Justin Sun accused Bloomberg in court of wrongly publishing information about his crypto holdings. The news outlet said it’s planning to fight back.
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