U.S. Judge Denies Justin Sun's Request to Block Bloomberg from Disclosing Crypto Holdings

As reported by HashNews, a U.S. judge denied Justin Sun's request for a temporary injunction to prevent Bloomberg from publishing details of his cryptocurrency assets. The ruling by Judge Colm Connolly in the U.S. District Court for Delaware allows Bloomberg to disclose Sun's holdings, which include approximately 60 billion TRX, 17,000 BTC, 224,000 ETH, and 700 million USDT. Sun had claimed Bloomberg planned to publish unverified financial information and sought judicial relief on August 11. The judge ruled that Sun failed to prove Bloomberg agreed not to disclose the information and did not provide evidence that the disclosure would make him a target for cyberattacks, noting that Sun had already shared the details on social media. It remains unclear whether Sun will pursue further legal action. Separately, the U.S. Congress continues to scrutinize Sun, as the SEC paused its 2023 lawsuit against him over unregistered securities during the Trump administration and Gary Gensler's tenure. Last week, two lawmakers asked the SEC to explain its decision to drop the case, citing concerns over Sun's large investments in Trump-linked crypto ventures.