Justin Sun Sues Bloomberg to Stop Disclosure of Crypto Holdings

TRON founder Justin Sun filed a federal lawsuit against Bloomberg in Delaware’s U.S. District Court. He seeks to block further disclosure of a coin-by-coin breakdown; Bloomberg says it had already published Sun’s Billionaires Index profile before he filed for a temporary restraining order.

Sun provided wallet information to Bloomberg earlier this year after the news organization contacted him for possible inclusion in the Bloomberg Billionaires Index. The index ranks the world’s wealthiest people based on their assets.

Justin says he shared the data only to verify his total wealth and that Bloomberg gave written and verbal promises to keep specific details private. The lawsuit also states that revealing exact amounts and which cryptocurrencies he owns would put him and his family at security risk. It could also help people identify his wallet addresses.

The complaint cites risks from “wrench attacks,” where criminals use published information to target people for theft or extortion. Sun’s legal team warns that disclosing precise amounts increases the chances of targeted crimes.

Sun requests a temporary restraining order and seeks preliminary and permanent injunctions to block publication of the specifics. Previously, Bloomberg delivered a draft profile to Sun in late July. Sun’s complaint says the draft contained “numerous inaccuracies” and included a coin-by-coin breakdown of his holdings.

He argues this approach differs from how Bloomberg typically handles other billionaires’ digital assets, which are usually reported as lump sums or based on public statements.

The case centers on Bloomberg’s process for verifying billionaire status. Sun says he relied on explicit confidentiality promises and internal messages that limited access to his information and required deletion after verification.

Sun seeks a jury trial plus court costs and attorney fees. Bloomberg’s lawyers told the court they would oppose Sun’s application for a restraining order, arguing First Amendment protections and that the publication had already occurred. No court has ruled on his request for restraints against publication.