Justin Sun Sues Bloomberg Over Asset Leak

Justin Sun, the founder of the TRON blockchain, has sued Bloomberg in federal court in Delaware, accusing the news agency of a breakdown of privacy promises and preparing to disclose its accurate cryptocurrency investment portfolio. The 14-page complaint, filed on August 1, states that the dispute began when Bloomberg sought to include Sun in the Bloomberg Billionaires Index, a ranking of the 500 richest people in the world.

According to the order, Sun only agreed to provide detailed information about his assets after Bloomberg repeatedly promised, both in writing and verbally, that the information would be kept confidential and would only be used to verify his net worth. Sun stated that internal messages from Bloomberg indicate that reporters and editors agreed to limit access to the data and delete it after verification. He also reviewed other records in the index and found no precedent for publishing an analysis of each cryptocurrency unless that data had been made public. The lawsuit alleges that the Bloomberg draft report, sent to him at the end of July, contains "numerous inaccuracies" along with a detailed list of his cryptocurrency assets broken down by token. Sun stated that making this information public would violate the agreement between the two parties and put him at risk, potentially exposing him to hacking, theft, extortion, or even endangering his life and his family's. On August 2, his lawyer sent a letter requesting Bloomberg to limit any reports about his total net worth and broad asset categories. Bloomberg's newsroom lawyer responded that the company intends to publish a detailed analysis "soon." Sun is seeking a temporary injunction, along with a preliminary and permanent injunction, to prevent publication. He also requests the court to compensate for legal costs, accusing Bloomberg of disclosing personal information and hindering the fulfillment of promises. The incident has drawn public attention after software engineer and cryptocurrency commentator Molly White shared court documents. In a post on X, White quoted Sun saying that Bloomberg planned to "recklessly and improperly disclose its sensitive, private, and proprietary financial information," which was only provided to verify his position on the index. This dispute has sparked a wider debate in the cryptocurrency community about how far financial publications can go in reporting on the wealth of digital asset holders and how the line between public interest and personal security should be drawn.