PANews reported on September 24 that, according to Cryptonews, Judge Colm Connolly of the U.S. District Court for the District of Delaware ruled in favor of Justin Sun in his lawsuit against Bloomberg on September 22. Sun had previously filed a second motion seeking a temporary restraining order, among other things, to prohibit Bloomberg from disclosing the details of his holdings in certain cryptocurrencies. The judge ruled that Sun had failed to prove that Bloomberg had agreed not to disclose his holdings, requiring him to demonstrate by clear and convincing evidence that Bloomberg had agreed to such a promise. Court documents reveal that Sun holds 60 billion TRX, 17,000 BTC, 224,000 ETH, and 700 million USDT. In February of this year, Bloomberg contacted Sun's team regarding the compilation of the Billionaires Index. After the article was published, Sun initially sued and then withdrew the lawsuit. After negotiations failed, Sun filed another motion on September 11, requesting that Bloomberg remove the relevant content. He claimed the reporter had promised confidentiality, but Bloomberg denied this. The judge also held that Sun Yuchen failed to prove that disclosing the information would make him more vulnerable, and that the Bitcoin information he disclosed was more specific.PANews reported on September 24 that, according to Cryptonews, Judge Colm Connolly of the U.S. District Court for the District of Delaware ruled in favor of Justin Sun in his lawsuit against Bloomberg on September 22. Sun had previously filed a second motion seeking a temporary restraining order, among other things, to prohibit Bloomberg from disclosing the details of his holdings in certain cryptocurrencies. The judge ruled that Sun had failed to prove that Bloomberg had agreed not to disclose his holdings, requiring him to demonstrate by clear and convincing evidence that Bloomberg had agreed to such a promise. Court documents reveal that Sun holds 60 billion TRX, 17,000 BTC, 224,000 ETH, and 700 million USDT. In February of this year, Bloomberg contacted Sun's team regarding the compilation of the Billionaires Index. After the article was published, Sun initially sued and then withdrew the lawsuit. After negotiations failed, Sun filed another motion on September 11, requesting that Bloomberg remove the relevant content. He claimed the reporter had promised confidentiality, but Bloomberg denied this. The judge also held that Sun Yuchen failed to prove that disclosing the information would make him more vulnerable, and that the Bitcoin information he disclosed was more specific.
US court rejects Justin Sun's bid to block Bloomberg from disclosing his over $3 billion crypto portfolio
PANews reported on September 24 that, according to Cryptonews, Judge Colm Connolly of the U.S. District Court for the District of Delaware ruled in favor of Justin Sun in his lawsuit against Bloomberg on September 22. Sun had previously filed a second motion seeking a temporary restraining order, among other things, to prohibit Bloomberg from disclosing the details of his holdings in certain cryptocurrencies. The judge ruled that Sun had failed to prove that Bloomberg had agreed not to disclose his holdings, requiring him to demonstrate by clear and convincing evidence that Bloomberg had agreed to such a promise. Court documents reveal that Sun holds 60 billion TRX, 17,000 BTC, 224,000 ETH, and 700 million USDT. In February of this year, Bloomberg contacted Sun's team regarding the compilation of the Billionaires Index. After the article was published, Sun initially sued and then withdrew the lawsuit. After negotiations failed, Sun filed another motion on September 11, requesting that Bloomberg remove the relevant content. He claimed the reporter had promised confidentiality, but Bloomberg denied this. The judge also held that Sun Yuchen failed to prove that disclosing the information would make him more vulnerable, and that the Bitcoin information he disclosed was more specific.
Market Opportunity
Union Price(U)
$0.002508
$0.002508$0.002508
USD
Union (U) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
XRP Price Prediction: Ripple CEO at Davos Predicts Crypto ATHs This Year – $5 XRP Next?
XRP has traded near $1.90 as Ripple CEO Brad Garlinghouse has predicted from Davos that the crypto market will reach new highs this year. Analysts have pointed
Share
Coinstats2026/01/22 04:49
Fed Decides On Interest Rates Today—Here’s What To Watch For
The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
Federal Reserve Lowers Interest Rates Again
The Federal Reserve has made the decision to lower interest rates by 25 basis points, signaling the possibility of further reductions later this year. This move comes as Fed officials appear divided on the future rate path, a divergence not seen in prior economic cycles.Continue Reading:Federal Reserve Lowers Interest Rates Again
Share
Coinstats2025/09/18 02:38