Tron DAO, Justin Sun Accuse Bloomberg of False Asset Reporting

Tron DAO and representatives for Justin Sun allege that the financial news publication, Bloomberg, published “knowingly false” information about the crypto entrepreneur’s assets in its Billionaires Index.

Tron DAO Counters Bloomberg’s Justin Sun Holdings Claim

The statement asserts that the Aug. 11, 2025, index edition “knowingly published inaccurate data that dramatically and dangerously misrepresents Mr. Sun’s assets.” Sun’s representatives claim they explicitly warned Bloomberg before publication that the assertions were false and should not be printed, including sending a cease-and-desist letter and filing for a temporary restraining order.

Specifically, Tron DAO states that Bloomberg falsely attributed 60% of TRX holdings to Sun personally, calling this “categorically false” and unsupported by onchain data. It clarified that large token allocations held by foundations like Tron DAO, Solana Foundation, or Sui Foundation are standard industry practice for ecosystem development and distinct from personal ownership.

Tron DAO told Bitcoin.com News that these are not individual wallets, nor do they indicate that a single person controls the network. The statement further accuses Bloomberg of breaching a confidentiality agreement by publishing details of Sun’s crypto portfolio, calling the released figures “materially false and unverified.”

“Bloomberg nevertheless proceeded to publish materially false information and poor analysis without any independent confirmation,” the representatives’ statement published on Medium said, noting internal Bloomberg staff reportedly assigned the analysis only a one-star confidence rating.

Tron DAO says the coverage shows a basic lack of competence in digital asset journalism and a disregard for fact-checking, putting Sun’s safety at risk. The group is calling on Bloomberg to issue an immediate correction.

Sun’s counsel has threatened legal action, stating they are “prepared to hold Bloomberg fully accountable for knowingly publishing false information while violating Mr. Sun’s privacy rights.” They cited Forbes as providing a “more accurate accounting.” Forbes also maintains a constantly updated list of the world’s billionaires.