A US judge has set Tron and CEO founder Justin Sun against Bloomberg back of a peg after declining a temporary restraint of the adherence and injunction in publishing information about his cryptocurrency handling.
On a Monday filed in the US District Court for Delaware District, Judge Colm Connolly Sided To Bloomberg in the Sun’s lawsuit on the “disclosed amount of specific cryptocurrency he owns.” According to the filings, with the holders of nearly 60 billion tron (Trx), 17,000 Bitcoin (Btc), 224,000 ether (Eth) and 700 million tether (USDT).
The publication reached the Sun team in February to gather information about the founder of the founder of the Tron for the billion -billion index.
Day Claimed that Bloomberg is planning to publish “Specific Financial Handle” “Unexpected, Confidential and Private,” and filed a complaint seeking relief on August 11. Then saying He and Bloomberg were “engaged in discussions” in this regard, Sun’s lawyers changed motion on September 11.
The initial complaint sought a temporary restraint of the sequence and initial and permanent injunction “which prohibited Bloomberg from publishing the value of any specific cryptocurrency” owned by the Sun, both of whom were rejected by the judge on Monday.
Related: Justin Sun urges Trump associated with WLFI to unlock ‘irrational’ frozen tokens
According to Connolly, Sun failed to establish that Bloomberg promised him that the data was not publicly available. In addition, he failed to show that removing information on his crypto holders would make him an “increased target for hacking, phishing, social engineering, kidnapping, or bodily harm,” in part due to his own revelation of crypto through social media.
“(…) own detailed disclosure of the Sun of his Bitcoin assets has undergone his representation that he is under the threat because Bloomberg has published the estimates of his cryptocurrency,” Connolly said, adding:
“The Sun itself has revealed more specific information about his handling of Bitcoin than Bloomberg’s published.”
It is unclear whether Sun has intended to pursue another legal avenue progressing.
Cointelegraph reached out to a spokesman for the founder of Tron for the comment, but did not receive a response at the time of publication.
The sun is still under investigation from US lawmakers
The founder of Tron was named in a lawsuit against the crypto company due to allegations that were offered unregistered security filed by the US Securities and Exchange Commission (SEC) in 2023. However, once US President Donald Trump and former SEC Chair Gary Gensler left, the agency asked to stay in the case.
Last week, two members of Congress asked Sec To answer the commission -related questions that dropped its case against the Sun.
They suggested that the “massive investment” of the Tron Founder in the crypto ventures controlled by Trump and his family, including the World Liberty Financial and his memecoin, could influence its decision.
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