Haciyev Reşit 
A new report published by Bloomberg has caused a stir in the crypto world. According to the report, TRON (TRX) founder Justin Sun may control a significant portion of the altcoin’s total supply—contrary to his own claims.
The report alleges that Sun controls around 64% of the circulating TRX supply, based on an asset list his team shared with Bloomberg. Sun, however, denies the claims, arguing that wallets not belonging to him within the Tron ecosystem were mistakenly attributed to him.
TRON’s Rise and Global Adoption
Under Justin Sun’s leadership, the TRON network has grown rapidly, becoming a leading global payment system. Especially through dollar-backed stablecoins, it:
- Provides fast, cheap, and anonymous cross-border transfers.
- Reaches a monthly transaction volume of $600 billion.
This figure is more than four times PayPal’s volume. Moreover, with support from certain allies in Washington, regulatory changes are being discussed that could allow TRON to expand further in the U.S. Even the Trump family has reportedly used TRON infrastructure in their own stablecoin projects.
A Controversial Network: Money Laundering and Crime Allegations
TRON’s rapid rise has also brought controversy. Experts claim the network is often used for money laundering and illicit activities, allegedly by:
- Terrorist groups,
- Russian actors seeking to bypass sanctions,
- Chinese crime syndicates.
Sun rejects these accusations, insisting that TRON’s decentralized nature makes him not directly responsible. He also says he supports authorities in efforts to block illegal activity.
Wealth and Legal Proceedings
The Bloomberg Billionaires Index report published in August further fueled the debate. According to the index:
- Justin Sun holds around 60 billion TRX.
- His net worth is estimated at $12.5 billion.
Following the report, Sun filed a lawsuit against Bloomberg in federal court in Delaware. His lawyers argued that ecosystem wallets were wrongly presented as his personal holdings. However, court filings reveal that Sun’s legal team refused to specify which wallets did not belong to him.
On September 22, Sun’s request for a preliminary injunction to block the story was denied. The case remains ongoing.
Assessment
The allegations surrounding Justin Sun once again highlight both the global rise and the controversial nature of the TRON network. Whether Sun truly controls the majority of TRON’s supply remains unclear, but the outcome of the ongoing lawsuit will be closely watched by the crypto market.
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