Justin Sun Sues Bloomberg Over Plans to Publish 'Confidential' Crypto Holdings

TRON founder Justin Sun has filed a federal lawsuit against Bloomberg, alleging the media giant plans to break confidentiality promises by publishing detailed information about his crypto holdings that could expose him to "significant risk of theft, hacking, kidnapping, and bodily harm."

The lawsuit, filed Monday in Delaware federal court, seeks to block Bloomberg from disclosing specific crypto amounts that Sun provided solely for wealth verification to be included in the company's Billionaires Index. 

Sun alleges Bloomberg promised the information would be kept "strictly confidential."

The lawsuit, first reported by crypto researcher Molly White, seeks temporary and permanent injunctions preventing Bloomberg from publishing Sun's specific crypto holdings. 

The filing notes that crypto transactions are "irreversible" and that "if Plaintiff is coerced, hacked, or scammed out of their funds, there is little or no recourse."

Representatives for Sun did not immediately respond to Decrypt's request for comment. Efforts have been made to contact Bloomberg.

Bloomberg journalist Muyao Shen allegedly approached Sun's team in February 2025 to feature him in the Billionaires Index, which ranks the world's 500 richest individuals, according to the complaint. 

Sun initially hesitated due to concerns about his "substantial cryptocurrency holdings" but agreed after receiving what he describes as explicit assurances that his financial information would remain confidential.

"In practice, Justin could furnish Bloomberg a zero-knowledge net-worth proof without revealing addresses or positions,” David Gu, General Counsel of LBank, told Decrypt.

Gu acknowledged that "modern democracies value the public's right to know, especially when high-profile figures' finances may bear on matters of public trust."

Yet “financial data is uniquely sensitive,” he said, adding “disclosure should be purpose-driven and proportionate, balanced against credible security, privacy, and contractual interests.”

Bloomberg journalist Tom Sloan reportedly told Sun's team in a secure Telegram chat that wallet address files "won't leave our office and the only people who have access are my team and the engineers who manage the API." 

Wrench attack concerns

Sun's team repeatedly stressed the sensitive nature of the data, writing, "All information shared within the group is strictly confidential and for verification purposes only."

The entrepreneur said that publishing detailed crypto breakdowns differs from how Bloomberg typically handles such information. 

The lawsuit notes that other billionaires' crypto holdings in the index are reported only as lump sums or based on public statements.

Sun's legal team warns that disclosing specific crypto amounts would enable bad actors to identify his wallet addresses through "address clustering techniques" that analyze transaction patterns. 

The lawsuit references Bloomberg's own coverage of "wrench attacks,” physical violence used to force crypto transfers, noting that "public wallet visibility increases the risk” of such attacks.

This year alone, there have been 51 documented attacks globally, with high-profile kidnappings in France, where victims had fingers severed, and a crypto founder forced to transfer $500,000 at gunpoint in Uganda.

Bloomberg has reportedly confirmed its intent to publish the information "imminently," according to the complaint.

Sun is demanding a jury trial and seeking court costs and attorney fees in the case.