Court Denies Sun's Privacy Request, Highlighting Tron's Centralization Paradox
- U.S. court rejected Justin Sun's bid to block Bloomberg from disclosing his 60B TRX holdings (60% of Tron's supply), citing insufficient privacy claims. - Bloomberg's analysis revealed Sun's crypto wealth includes 17,000 Bitcoin and 224,000 Ether, highlighting risks from his centralized control over Tron. - Sun faces legal challenges including SEC lawsuits and WLFI token freezes, amid broader crypto market concerns over whale dominance and decentralization. - Ruling reinforces transparency over privacy i
A U.S. federal judge has rejected
According to Bloomberg’s report, which used financial details provided by Sun’s team in February 2025, most of Sun’s wealth comes from his crypto holdings. These include 60 billion TRX (valued with a 75% liquidity discount due to Sun’s control of the supply), 17,000 Bitcoin, 224,000 Ether, and 700 million Tether. Bloomberg’s Billionaires Index noted the risks of Sun’s large share of TRX, which runs counter to Tron’s stated goal of decentralization title1 [ 1 ]. Sun’s lawyers argued that making his holdings public could put his safety at risk, but the judge ruled that the information was "arguably less specific" than what Sun had already made public himself.
This legal battle highlights ongoing concerns about market concentration in the crypto world. A Onesafe report found that when a small group of investors—so-called whales—hold a large portion of an altcoin’s supply, it can destabilize the market and reduce investor confidence title14 [ 7 ]. For example,
The dispute has also overlapped with Sun’s role in
The court’s decision to permit Bloomberg’s reporting is consistent with the SEC’s ongoing examination of crypto projects. In May 2025, the new SEC Chair requested a pause in Sun’s case to review whether it fit with the agency’s current focus. Meanwhile, Sun’s investments in ventures linked to Trump, such as a $75 million stake in World Liberty Financial, have drawn further scrutiny amid a shifting regulatory landscape.
This ruling brings to the forefront the ongoing debate between privacy and openness in the cryptocurrency sector. While Sun pushed for secrecy, Bloomberg defended its journalistic rights, arguing that the public’s right to know about powerful industry figures outweighs individual privacy. The decision could influence how courts address similar conflicts in the future, especially as regulators and institutional investors pay closer attention to token distribution and project governance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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