Justin Sun, the billionaire purchaser of Maurizio Cattelan‘s Comic, just lately filed a lawsuit in opposition to Bloomberg LP and Bloomberg Inc. to forestall the corporate from “recklessly and improperly disclosing his extremely confidential, delicate, non-public, and proprietary monetary data” they obtained whereas making an attempt to confirm his belongings for the corporate’s Billionaires Index.
Solar’s lawsuit, filed on August 11 in america District Courtroom within the District of Delaware, mentioned he “will undergo vital and irreparable hurt—each financially and bodily—if this delicate monetary data is printed by Bloomberg.”
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The founder of the cryptocurrency platform TRON alleges that Bloomberg intends to publish “granular element” about his particular holdings of cryptocurrencies and different belongings that might “trigger vital hurt” and topic Solar to “a major threat of theft, hacking, kidnapping, and bodily hurt to him and his household.”
Solar and his lawyer Jeffrey J. Lyons are searching for a temporary restraining order (TRO), in addition to a preliminary and everlasting injunction, prohibiting Bloomberg from publishing the quantities of any particular cryptocurrency owned by the Hong Kong–based mostly entrepreneur.
Nonetheless, the lawyer representing Bloomberg, Robert M. Vrana, mentioned the idea of Solar’s utility for a TRO was “moot” as a result of Bloomberg News had already published the article about him “roughly two hours earlier than Solar’s attorneys gave Bloomberg discover of this TRO utility” on August 10. “As a result of the appliance seeks solely to forestall publication, and publication occurred final night time, the TRO utility is moot,” Vrana wrote in a response to Judge Maryellen Noreika on August 12.
Vrana additionally wrote that Solar’s utility for a TRO in opposition to publication “would irreparably hurt Bloomberg by infringing on its First Modification proper to not be topic to a previous restraint.”
The Bloomberg News profile of Sun mentioned his estimated web value is $12.4 billion, most of it in cryptocurrency with a 1-star confidence score. Bloomberg News famous Solar’s possession of “greater than 60 billion Tronix (additionally known as TRON or TRX), the cryptocurrency native to Tron, based on an evaluation of monetary data supplied by representatives of Solar in February 2025. A 75 % liquidity low cost is utilized to the worth of the token as a result of Solar controls the bulk of its provide.”
Along with TRON, Bloomberg News reported that Solar owns roughly “17,000 Bitcoin, 224,000 Ether, and 700,000 Tether,” and that different cryptocurrency tokens held on “exchanges similar to HTX and Binance will not be included within the evaluation as a result of the holdings couldn’t be verified.” Solar additionally owns HTX.
Final November, Solar purchased Cattelan’s Comic (2019) for $6.24 million after a 10-minute bidding battle with six different bidders at a Sotheby’s night sale. Shortly afterward, Solar offered to buy 100,000 bananas from the fruit vendor who offered the fruit used for the art work, and also ate the banana in front of journalists throughout a press convention in Hong Kong.
Solar has made headlines this 12 months for reportedly spending $75 million on coins from World Liberty Financial, a controversial Trump-backed crypto agency; saying he would be buying $100 million worth of President Donald Trump’s memecoin, $TRUMP; suing art collector and music mogul David Geffen for the return of a $78 million Alberto Giacometti sculpture after which being countersued by Geffen.
The lawsuit was first reported by Molly White of the newsletter Citation Needed.
