It sure is hard being a crypto billionaire and keeping all the press out of your wallet! Just ask Justin Sun as he sues Bloomberg to keep them from disclosing sensitive information about his crypto holdings.
Sun filed a lawsuit on 11 August 2025 in the US District Court for the District of Delaware, claiming Bloomberg’s disclosure of his crypto holdings undermines his privacy and could potentially put him and his family at risk.
According to Sun, Bloomberg approached him earlier this year to include him in its online Billionaires Index, where it ranks some of the world’s richest individuals.
Sun claims that he only agreed to participate after Bloomberg assured him that they would keep all asset disclosures, particularly the ones tied to his crypto holdings, strictly confidential and would use them solely to verify his net worth.
⚡️JUST IN: Tron founder Justin Sun sues Bloomberg to block release of his “highly confidential” financial information, saying it would cause irreparable harm if made public. pic.twitter.com/DixomZkgxl
— One Trade (@OneTradeGlobal) August 14, 2025
According to his complaint, Sun shared his wallet details and asset information via a secure channel with Bloomberg’s wealth verification team, believing they would share his crypto portfolio as a single aggregate figure without revealing token allocations or wallet breakdown.
Sun launched Tron in 2017 and has substantial crypto and traditional assets. He says that assurances from Bloomberg were central to his decision to cooperate.
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Bloomberg Had Given Assurances Both Verbally And In Writing
Continuing on with the breach of trust theme, Sun claims that the publishing giant assured him repeatedly, both verbally and in writing, that it would use his asset data for verification purposes only and delete it thereafter.
Additionally, Bloomberg’s team assured Sun that only a handful of select personnel would be granted access to Sun’s asset holdings. When Sun’s lawyers set explicit conditions to use the data for verification purposes only, Bloomberg did not push back.
However, in July, Sun’s team learned that Bloomberg journalists were referencing figures from the confidential data set in a separate article.
Shortly after this, Bloomberg’s team sent over a draft profile for its Billionaires’ Index, which, according to Sun, had multiple inaccuracies and, more critically, a granular breakdown of his crypto holdings by token type and amount.
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Sun Claims Outing Holdings Will Make Him A Prime Target For Hackers
Sun claims that Bloomberg’s breakdown of his holdings in its draft profile is far more granular and detailed than what’s typically published for other industry figures such as Coinbase’s Brian Armstrong or Binance’s Changpeng Zhao.
He alleges that his crypto holdings, if made public, would allow analysts to map his digital footprint, making him a high-value target for cyberattacks, thefts and even physical harm.
The complaint highlights how blockchain’s transparency can become a liability if someone discloses the asset composition. It cites previous cases of crypto billionaires facing extortion, kidnapping and other threats and includes examples that Bloomberg itself reported on in the past.
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Justin Sun Sues Bloomberg On Two Legal Counts
Sun filed his lawsuit on two legal grounds, including public disclosure of private facts and promissory estoppel, stating that Bloomberg’s planned publication violates assurances that led him to share sensitive data.
Further, the complaint seeks a temporary restraining order along with preliminary and permanent injunctions to block Bloomberg from releasing the asset breakdown. He is also pursuing reimbursement of legal fees and has requested a jury trial.
Moreover, he has warned that publishing granular wallet data could trigger consequences that outlast a single article.
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Key Takeaways
- Justin Sun has filed a lawsuit against Bloomberg to stop them from publishing details of his crypto holdings
- Sun alleges that Bloomberg’s team assured him of using his data for verification purposes only
- He seeks a temporary restraining order and a permanent injunction in this matter, along with reimbursement of legal fees
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