Tron Creator Justin Sun Files Lawsuit Against Bloomberg Regarding Crypto asset Disclosure

Being a crypto billionaire certainly has its challenges, especially when it comes to safeguarding your financial details from the media! Just ask Justin Sun, who is taking legal action against Bloomberg to prevent them from revealing sensitive data about his cryptocurrency assets.

On 11 August 2025, Sun initiated a lawsuit in the US District Court for the District of Delaware, arguing that Bloomberg’s release of his digital currency holdings threatens his privacy and could endanger both him and his family.

Sun states that earlier this year, Bloomberg reached out to him to potentially feature him in their online Billionaires Index, which ranks many of the wealthiest individuals globally.

He mentions that he consented to be included only after Bloomberg promised to maintain the confidentiality of his asset disclosures—particularly those regarding his crypto assets—using the information purely to validate his net worth.

JUST IN: Tron mogul Justin Sun is suing Bloomberg to halt the release of his “very confidential” financial data, asserting that public exposure could cause irreversible damage. pic.twitter.com/DixomZkgxl

— One Trade (@OneTradeGlobal) August 14, 2025

As per his filing, Sun shared his wallet information and asset details through a secure channel with Bloomberg’s wealth verification team, under the impression that they would present his crypto portfolio as a consolidated figure without disclosing the specific coin allocations or crypto wallet details.

Launched in 2017, Tron has amassed substantial crypto and conventional assets. Sun argues that guarantees from Bloomberg were critical in his choice to collaborate.

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Bloomberg Provided Assurances Both Verbally And In Writing

Continuing with the theme of breached trust, Sun asserts that the media powerhouse repeatedly assured him, both verbally and in writing, that his asset information would only be utilized for verification purposes and subsequently discarded.

Additionally, Bloomberg’s representatives promised that only a limited number of designated staff would have access to Sun’s asset data. When Sun’s legal team stipulated that the data be used solely for verification, Bloomberg did not contest.

However, in July, Sun’s attorneys discovered that Bloomberg reporters were referencing figures from the confidential dataset in a different article.

Shortly thereafter, Bloomberg sent a draft profile for its Billionaires’ Index, which, according to Sun, contained numerous inaccuracies and, more importantly, a detailed breakdown of his digital currency holdings by crypto token type and quantity.

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Sun Argues That Publicizing Holdings Would Make Him A Target For Hackers

Sun asserts that Bloomberg’s detailed account of his holdings in its draft profile is significantly more granular and explicit than what is typically disclosed for other industry leaders, such as Brian Armstrong of Coinbase or Changpeng Zhao of Binance.

He contends that if his digital currency assets were made public, it would enable analysts to trace his digital presence, rendering him a lucrative target for cyberattacks, thefts, and even physical danger.

The filing points out that the transparency of blockchain can turn into a risk if the asset makeup is revealed, referencing past incidents where crypto billionaires encountered extortion, kidnappings, and similar threats, including examples reported by Bloomberg itself.

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Justin Sun Initiates Legal Action Against Bloomberg On Two Grounds

Sun’s lawsuit is grounded in two legal claims: public disclosure of private facts and promissory estoppel, asserting that Bloomberg’s intended publication breaches the assurances that encouraged him to divulge sensitive information.

The complaint further demands a temporary restraining order along with both preliminary and permanent injunctions to stop Bloomberg from publishing the asset breakdown. He is also looking for reimbursement of legal expenses and has requested a jury trial.

Additionally, he cautions that making granular digital wallet information public could lead to ramifications extending beyond a single article.

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The post Tron Founder Justin Sun Sues Bloomberg Over Digital currency Disclosure appeared first on 99Bitcoins.