US court rejects Justin Sun's request to prevent Bloomberg from disclosing his crypto asset portfolio worth over $3 billions

ChainCatcher news, according to Cryptonews, Judge Colm Connolly of the United States District Court for the District of Delaware has ruled in favor of Bloomberg in the lawsuit filed by Justin Sun. Previously, Justin Sun had filed a second motion seeking a temporary restraining order and other measures to prohibit Bloomberg from disclosing his specific cryptocurrency holdings. The judge ruled that Justin Sun failed to prove that Bloomberg had agreed not to disclose details of his assets, and that he must provide clear and convincing evidence that Bloomberg had made such a commitment.

Court documents show that Justin Sun holds 60 billion TRX, 17,000 BTC, 224,000 ETH, and 700 million USDT. In February this year, Bloomberg contacted Justin Sun's team to compile the Billionaires Index. After the article was published, he first filed a lawsuit and then withdrew it. After failed negotiations, on September 11, Justin Sun filed another motion requesting Bloomberg to delete the relevant content. He claimed that the reporter had promised confidentiality, but Bloomberg denied this. The judge also found that Justin Sun failed to prove that the disclosure of information would make him more vulnerable, and that the Bitcoin information he himself disclosed was even more specific.