Bloomberg Claims Most of This Altcoin’s Total Supply is Controlled by Justin Sun

According to a new report from Bloomberg, Tron founder Justin Sun may hold approximately 64% of the circulating TRX ￰0￱ claim is based on a list of assets Sun's team shared with ￰1￱ Tron network, led by Sun, has become a prominent global payments ￰2￱ enabling fast, cheap, and anonymous cross-border money transfers through dollar-backed stablecoins, Tron has reached a monthly transaction volume of $600 ￰3￱ figure is more than four times PayPal's volume. Meanwhile, as some allies in Washington are pushing for regulations that will pave the way for Tron's further expansion in the US, the Trump family is also promoting their own stablecoin project using Tron's infrastructure.

However, the Tron network has long been mired in ￰4￱ laundering experts allege that the platform has become a payment network favored by terrorist organizations, Russian sanctions evasion groups, and Chinese criminal groups operating large-scale ￰5￱ maintains that it helps authorities block illegal transactions but claims it bears no direct responsibility due to the network's decentralized ￰6￱ News: Giant Ethereum Whale That Has Been Sleeping for Years Has Woken Up - Here Are Its Transactions and Other Whale Movements The controversy escalated further with a valuation published by the Bloomberg Billionaires Index in ￰7￱ index claimed Sun held 60 billion TRX, based on wealth calculations he shared in February, putting his net worth at $12.5 ￰8￱ filed a lawsuit in federal court in Delaware challenging this report.

Sun's lawyers argued that the list shared with Bloomberg erroneously included ecosystem wallets not owned by Sun, arguing that Sun does not control the majority of the Tron supply. However, Sun's lawyers declined to specify which wallets were not owned by him, Bloomberg reported in a court ￰9￱ September 22, a court rejected the Sun's request for an injunction to block the ￰10￱ case is still ongoing. *This is not investment ￰11￱ Reading: Bloomberg Claims Most of This Altcoin’s Total Supply is Controlled by Justin Sun