Why is Tron founder Justin Sun suing Bloomberg?
Main Idea
Tron founder Justin Sun is suing Bloomberg over a profile published in the Bloomberg Billionaires Index, alleging it inaccurately reported his crypto holdings and exposed him to security risks.
Key Points
1. Justin Sun's team claims the Bloomberg Billionaires Index profile 'dramatically and dangerously' misrepresented his token holdings.
2. Sun sent a cease-and-desist letter on Aug. 2, but Bloomberg proceeded with the publication, which Sun says exposed him and his family to security risks.
3. Bloomberg's lawyers oppose the restraining order, arguing their reporting is protected under the First Amendment and meets journalistic standards.
4. The updated Bloomberg profile states Sun holds a major share of TRON's native token TRX, attributing the figure to an unspecified source.
5. Sun recently participated in a Blue Origin space flight after a $28 million bid.
Description
Tron founder Justin Sun has sued media giant Bloomberg, accusing the firm of publishing false and highly confidential financial details in its billionaire rankings. Per a Tuesday blog penned by Sun’s team, the profile published in the Bloomberg Billionaires Index on Monday “dramatically and dangerously misrepresents Mr. Sun’s assets.” The post said the outlet attributed cryptocurrency holdings to Sun, “he has never owned, controlled, or had any beneficial interest in” while failing to list token...
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