Justin Sun Sues Bloomberg Over Billionaire Index Profile, Alleging Breach of Confidentiality

Justin Sun sued Bloomberg over the Billionaire Index profile, alleging Bloomberg intended to disclose his private financial information. Sun claims Bloomberg promised confidentiality, but shared the information with another journalist, violating their agreement. Sun requested a restraining order to prevent a detailed breakdown of his wealth.

Controversial crypto billionaire Justin Sun has taken legal action against Bloomberg, alleging that the media giant breached confidentiality agreements regarding his financial information. Sun's lawsuit, filed in Delaware, seeks to prevent Bloomberg from publishing a detailed breakdown of his cryptocurrency holdings, which he claims could lead to significant and irreparable harm.

The dispute stems from Bloomberg's attempt to include Sun in its "Billionaires Index." To verify Sun's net worth, Bloomberg required him to disclose his financial information. Sun initially raised concerns about the confidentiality and security of his data, but Bloomberg assured him that only general details about his assets would be shared. However, Sun later discovered that Bloomberg intended to publish detailed financial information beyond his expectations.

Sun's legal team argues that Bloomberg violated promises of confidentiality and privacy. They assert that publishing exact wallet amounts would enable attackers to use address clustering techniques to identify Sun's wallets, significantly raising the risk of wrench attacks—incidents of physical coercion aimed at forcing cryptocurrency transfers. The lawsuit cites Bloomberg's own reporting on 51 such attacks worldwide this year, including the gruesome kidnapping and mutilation of French Ledger co-founder David Balland and an armed extortion involving $500,000 in Uganda.

Bloomberg, in response, has asserted that granting a temporary restraining order (TRO) against the publication of this information would infringe upon its First Amendment rights. The media company maintains that Sun cannot demonstrate a likelihood of success on his claims of invasion of privacy or promissory estoppel and that the publication is in the public interest.

According to the controversial publication made on August 13, Sun reportedly holds over 60 billion TRX tokens, the native cryptocurrency of the Tron blockchain, based on financial details disclosed by his representatives in February 2025. His cryptocurrency portfolio extends beyond TRX, encompassing approximately 17,000 Bitcoin (BTC), 224,000 Ethereum (ETH), and 700,000 Tether. Notably, Sun's ownership of the cryptocurrency exchange HTX comes into play, with Bloomberg's insights suggesting that HTX, under Sun's ownership, generated an estimated revenue of around $1.3 billion in 2024.

The legal battle between Justin Sun and Bloomberg highlights the delicate balance between freedom of the press and the protection of private financial information, particularly in the volatile and high-stakes world of cryptocurrency.

References:
[1] https://bitcoinist.com/justin-sun-vs-bloomberg-clash-escalates/
[2] https://coinpaper.com/10511/justin-sun-sues-bloomberg-over-confidential-crypto-data-leak-threat
[3] https://www.mitrade.com/insights/news/live-news/article-3-1041508-20250815
[4] https://crypto.news/justin-sun-sues-bloomberg-after-report-claims-he-owns-60-of-tron-tokens/