TRON Founder Sues Bloomberg Over Alleged Crypto Privacy Breach

Justin Sun, founder of the TRON blockchain platform, has filed a lawsuit in the United States District Court for the State of Delaware, accusing Bloomberg of violating a confidentiality agreement and planning to publish detailed information about his cryptocurrency holdings [1]. The 14-page complaint, submitted on August 1, outlines how Bloomberg sought to include Sun in its "Bloomberg Billionaires Index," a list of the world’s 500 wealthiest individuals. The lawsuit states that Sun agreed to share private financial information only after being repeatedly assured—both in writing and verbally—that the data would remain confidential and be used solely for verifying his net worth [1].

The legal filing reveals that internal Bloomberg communications showed agreement among reporters and editors to restrict access to the information and delete it after verification. Sun claims that the draft profile sent to him in late July included a detailed breakdown of his crypto assets by token type, which he argues was a clear breach of their agreement. He emphasized that such a disclosure could expose his assets to risks including hacking, theft, or even physical threats to him and his family [1].

In response to this alleged breach, Sun’s legal team sent a cease-and-desist letter on August 2, urging Bloomberg to limit its reporting to general asset categories and not to publish the specific details of his cryptocurrency holdings. Bloomberg’s newsroom counsel replied that the company intended to publish the detailed breakdown “imminently” [1].

The lawsuit seeks temporary and permanent injunctions to prevent publication, as well as reimbursement of legal costs, with claims of public disclosure of private facts and promissory estoppel [1]. The case gained public attention after software engineer and crypto commentator Molly White shared the filing on social media, quoting Sun’s assertion that Bloomberg was planning to “recklessly and improperly disclose his highly confidential, sensitive, private, and proprietary financial information” [1].

The dispute has sparked broader debate within the crypto community about the boundaries of financial journalism, particularly in relation to the privacy of high-net-worth individuals in the digital asset space. It raises critical questions about where the line should be drawn between public interest and personal security, especially in an industry where transparency and privacy often conflict [1].

As one of the most prominent figures in the blockchain industry, Justin Sun’s legal action against Bloomberg highlights the growing challenges of maintaining financial privacy amid intense 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].

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