Justin Sun Sues Bloomberg Over Alleged Crypto Holdings Leak

Justin Sun, founder of the TRON blockchain platform, has filed a federal lawsuit against Bloomberg in the U.S. District Court for Delaware, accusing the media firm of violating confidentiality agreements and planning to publish detailed information about his cryptocurrency holdings [1]. The legal action, submitted on August 1, 2025, centers on the handling of private financial data shared by Sun to verify his net worth for inclusion in the Bloomberg Billionaires Index. According to the 14-page complaint, Sun was assured—both in writing and verbally—that the data would remain confidential and be used solely for verification purposes [1].

The lawsuit asserts that Bloomberg journalists had previously stated in internal communications that sensitive wallet address files “would not leave our office” and access would be strictly limited [1]. However, Sun alleges that a draft profile sent to him in late July included a detailed breakdown of his crypto assets by token type, which he views as a clear violation of their agreement. Sun’s legal team argues that such disclosure would expose his assets to risks including hacking, theft, and physical threats to him and his family [1].

On August 2, Sun’s legal representatives sent a cease-and-desist letter to Bloomberg, urging the firm to limit its reporting to general asset categories and avoid publishing specific details of his crypto holdings. Bloomberg’s newsroom counsel reportedly responded that the company intended to publish the detailed breakdown “imminently” [1]. The lawsuit now seeks temporary and permanent injunctions to prevent publication, as well as reimbursement of legal costs, citing claims of public disclosure of private facts and promissory estoppel [1].

Sun has warned that the publication of his crypto holdings would significantly increase his vulnerability to so-called “wrench attacks”—a form of physical coercion used to force the transfer of cryptocurrency. The lawsuit cites Bloomberg’s own reporting on 51 such attacks worldwide this year, including the kidnapping and mutilation of David Balland, co-founder of Ledger, and an armed extortion case in Uganda [1]. Sun’s legal team argues that publishing exact wallet amounts facilitates address clustering, a technique used by attackers to trace and target specific holdings.

The case has drawn attention from the cryptocurrency community and beyond, particularly after software engineer and crypto commentator Molly White shared the filing on social media. She quoted Sun’s assertion that Bloomberg was planning to “recklessly and improperly disclose his highly confidential, sensitive, private, and proprietary financial information” [1]. The controversy has sparked broader discussions about the boundaries of financial journalism in the crypto space, particularly concerning the privacy of high-net-worth individuals.

As a prominent figure in the blockchain industry, Sun’s legal action highlights the growing challenges of maintaining financial privacy amid heightened media and regulatory scrutiny. The outcome of this case could establish a legal precedent for how media organizations handle confidential information when reporting on influential figures in the crypto sector [1]. Given the unique risks associated with the exposure of crypto assets—such as irreversible transfers and vulnerability to targeted attacks—the case may set an important benchmark for future similar disputes.

The lawsuit underscores the ongoing tension between transparency and privacy in the digital asset industry. It also raises critical questions about where the line should be drawn between public interest and personal security, especially in an ecosystem where trust and discretion are paramount [1]. With the crypto sector continuing to evolve, the implications of this legal battle could extend far beyond the involved parties, influencing how media firms approach sensitive financial data in their reporting.

Source: [1] title1.............................(https://www.cryptotimes.io/2025/08/14/tron-founder-justin-sun-takes-bloomberg-to-court-over-asset-leak/)