US court rejects Justin Sun's bid to block Bloomberg from disclosing his cryptocurrency holdings

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. Sun had previously filed a second motion seeking, among other things, a temporary restraining order prohibiting Bloomberg from disclosing the details of his holdings in specific cryptocurrencies. The judge ruled that Sun failed to prove that Bloomberg agreed not to disclose the details of his holdings, and that he must demonstrate such a commitment with clear and convincing evidence. 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 11th, requesting that Bloomberg remove the relevant content. He claimed the reporter had promised confidentiality, which Bloomberg denied. The judge also ruled that Sun failed to prove that disclosing the information would make him more vulnerable, and that the Bitcoin information he disclosed was more specific. (Cryptonews)