Justin Sun Sues Bloomberg Over Publication of Detailed Crypto Holdings

Highlights:

• Justin Sun has sued Bloomberg over the release of detailed crypto holdings.
• Sun affirms that Bloomberg broke promises to keep his cryptocurrency data confidential.
• Bloomberg contends the case is moot, as it published the article before Sun filed, and will defend using First Amendment rights.

Tron founder Justin Sun has filed a lawsuit in the US District Court for the District of Delaware to block Bloomberg from publishing details of his cryptocurrency holdings. He argues that releasing this information would violate his privacy and create risks for his safety and that of his family.

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🚨 Justin Sun Files Lawsuit Against Bloomberg Over Confidential Crypto Holdings Leak. pic.twitter.com/dDW4yZlndt

— Flux Charts (@FluxCharts) August 14, 2025

According to his lawsuit, Bloomberg reached out to him this year to list him in its online Billionaires Index. Sun explained he only agreed after being told that his financial information would be kept confidential, particularly when it comes to cryptocurrency data. He says Bloomberg promised to use the data only to confirm his net worth.

According to Sun, he submitted all the wallet and asset details via a secure platform to the Bloomberg wealth verification team. He realized that mention of his crypto assets would be a lump sum amount without token-by-token detailing. Bloomberg journalists, according to Sun, confirmed in writing that they would keep the data in internal systems, give access only to selected staff, and delete it after use.

Sun’s team laid down a set of written conditions stipulating that the information was for verification purposes only and should not be used for reporting. He says Bloomberg did not raise objections to these terms.

Justin Sun Sues Bloomberg Over Planned Asset Disclosure

Sun claims that in late July, his team discovered that a Bloomberg journalist intended to use the confidential material in a separate article. Around the same time, Bloomberg sent him a draft profile that he says contained several inaccuracies and, most importantly, a detailed breakdown of his cryptocurrency holdings by type and amount.

He claims that this level of disclosure is generally uncommon in circles surrounding the Bloomberg index and exceeds what is provided in relation to other cryptocurrency billionaires. According to him, outlets publish such information only when those individuals have already published it themselves.

Sun cautions that sharing this information might enable blockchain trackers to identify his wallets and make him a target of hackers or thieves. He further stated that it may pose a threat of bodily injury to both him and his family. The complaint mentions that the transparency of the blockchain enables finding large wallets when the asset composition is disclosed. It also references previous incidents in which criminals targeted wealthy crypto holders for extortion or kidnapping, some of which Bloomberg itself reported. Meanwhile, Justin Sun confirmed that he owns the largest wallet holding Donald Trump’s memecoin. 

Sun is suing on counts of public disclosure of private facts and promissory estoppel. He seeks temporary, preliminary, and permanent injunctions to stop the publication. He is also requesting reimbursement of legal fees and a jury trial.

Privacy Risks and Bloomberg’s Legal Position

Bloomberg updated Sun’s profile on Monday, stating that he owns a significant amount of Tron’s TRX token and that most of his wealth comes from cryptocurrency. The outlet based its report on an analysis of financial information from Sun’s representatives in February. It gave the confidence in its findings a one-star rating out of five, which Sun’s team says demonstrates the weakness of the report.

Bloomberg’s lawyers told the court they will oppose the restraining order request. They say the issue is moot because they published the article before Sun filed his application. They also argue that their reporting falls under First Amendment protections and that Sun cannot prove harm, a privacy violation, or a broken promise.

Bloomberg says they will oppose a TRO, but also that a TRO is moot because Bloomberg already published.

It seems Sun is objecting to VERY rough estimates of his crypto holdings (~60 billion TRX, heavily discounted; 17k BTC; 224K ETH; 700K Tether). pic.twitter.com/eQOaDZgjzw

— Molly White (@molly0xFFF) August 14, 2025

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