Justin Sun Tron founder has taken legal action against Bloomberg, filing in the U.S. District Court for the District of Delaware to stop the outlet from releasing what he describes as highly sensitive information on his cryptocurrency holdings. Sun alleges the planned publication breaches confidentiality assurances made by Bloomberg and could endanger him and his family.
Sun states that earlier this year, Bloomberg approached him for inclusion in its Billionaires Index, promising that any asset data would be “strictly confidential” and used solely to verify his net worth. Sun provided detailed wallet and token information under the understanding that only a lump-sum crypto valuation would be published.
Alleged breaches and risks
- Bloomberg reportedly sent Sun a draft profile that included token-level details, which he says goes beyond what is typically disclosed for other crypto billionaires like Brian Armstrong and Changpeng Zhao.
- Sun argues that revealing the composition of his holdings could allow blockchain trackers to link his wallets, making him a target for cyberattacks or physical threats.
- The complaint highlights that public blockchain transparency makes it easier for attackers to identify high-value wallets once asset composition is known.
Sun’s filing cites multiple prior assurances from Bloomberg staff that the data would remain internal and deleted after verification. However, he claims journalists used the figures for a separate article and ignored his explicit restrictions.
Also read: Justin Sun readies for dinner with Trump
Legal claims and remedies sought
- Claims: Public disclosure of private facts and promissory estoppel.
- Requested relief: Temporary restraining order, preliminary and permanent injunctions to prevent publication, reimbursement of legal costs, and a jury trial.
Sun emphasizes that the case is not only about media coverage but also about balancing blockchain transparency with the personal security of high-net-worth crypto holders. He warns that granular disclosures could have consequences extending far beyond a single article, potentially jeopardizing both his financial assets and personal safety.