Justin Sun, Buyer of Maurizio Cattelan’s “Comedian,” Files Lawsuit Against Bloomberg News
New York, NY – August 14, 2025 – Justin Sun, the prominent cryptocurrency entrepreneur and collector, has initiated legal proceedings against Bloomberg News, alleging defamation and the publication of false and misleading information. The lawsuit stems from a series of articles published by Bloomberg News concerning Sun’s acquisition of Maurizio Cattelan’s controversial artwork, “Comedian,” which famously featured a banana duct-taped to a wall.
Sun, the founder of the Tron blockchain, purchased “Comedian” for $120,000 in December 2019. The artwork, intended as a commentary on the art market’s value and the absurdity of consumerism, garnered significant global attention, partly due to its unconventional nature and the high price it commanded.
According to the lawsuit filed by Sun, Bloomberg News has published multiple articles that contain factual inaccuracies and present a distorted narrative surrounding his purchase and related activities. Sun’s legal team asserts that these publications have caused significant damage to his reputation, both personally and professionally, and have contributed to a negative public perception.
While the specifics of the alleged defamatory statements are not fully detailed in the initial reports, it is understood that the lawsuit targets claims made by Bloomberg News regarding the circumstances of the “Comedian” sale, the valuation of the artwork, and potentially Sun’s financial dealings and business practices.
This legal action underscores the sensitive nature of reporting on high-profile individuals and significant art transactions. The art market, particularly at the intersection with emerging technologies like cryptocurrency, often attracts intense scrutiny and diverse interpretations.
Justin Sun has been a notable figure in the cryptocurrency space, known for his ambitious ventures and often outspoken presence. Similarly, Maurizio Cattelan’s “Comedian” has become an iconic piece in contemporary art, sparking widespread debate and analysis. The confluence of these elements has undoubtedly made the transaction a subject of considerable media interest.
As the legal process unfolds, the art and financial communities will be observing closely. This lawsuit highlights the ongoing challenges in balancing public interest reporting with the protection of individual reputations and the accurate representation of complex transactions in the global marketplace. Further details are expected to emerge as the case progresses through the legal system.
Justin Sun, Billionaire Buyer of Maurizio Cattelan’s ‘Comedian,’ Sues Bloomberg News
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