TRON founder Justin Sun has filed a lawsuit in the federal court of Delaware against Bloomberg, accusing the media giant of intending to disclose detailed information about his cryptocurrency assets, which he believes violates his privacy and poses a threat to his safety.
This is reported by Business • Media
Allegations of Privacy Violation and Security Risks
Sun claims that Bloomberg breached a prior agreement to keep his financial information confidential. The entrepreneur emphasizes that publishing detailed data about his crypto assets could put him at serious risk of kidnapping, hacking, extortion, or even physical violence.
“Publishing detailed information about my cryptocurrency assets would place me at significant and immediate risk of kidnapping, hacking, extortion, or even physical harm.”
The lawsuit was filed on August 11. Sun is seeking a temporary and permanent injunction against the disclosure of specific amounts he provided to Bloomberg solely for the purpose of verifying his wealth within the Billionaires Index. The legal documents highlight that crypto transactions are irreversible, and in the event of theft, recovering the funds is nearly impossible.
Legal Arguments and Potential Consequences of Disclosure
According to Sun, in February 2025, Bloomberg journalists approached him with an offer to include him in the ranking of the 500 richest people in the world. After some hesitation due to the significant volume of his cryptocurrency assets, he agreed to cooperate only after receiving clear confidentiality guarantees. Specifically, Bloomberg journalist Tom Sloan assured him in a secure chat that “the files with wallet addresses will not leave our office, and access to them will be limited to my team and the engineers managing the API.”
The lawsuit notes that Bloomberg’s approach to disclosing financial data regarding Sun significantly differs from its practice with other billionaires: in such cases, only the total wealth is typically reported, rather than a detailed breakdown of assets. The legal team emphasizes that revealing exact amounts would allow for the identification of Sun’s crypto wallets using “address clustering techniques,” which significantly increases the risk of so-called wrench attacks—attacks involving physical violence to coerce fund transfers.
The lawsuit also cites examples of similar incidents worldwide: this year, there have already been 51 recorded cases of cryptocurrency-related attacks, including the kidnapping of Ledger co-founder David Balland in France and the forced transfer of $500,000 by a cryptocurrency project founder in Uganda under the threat of a weapon.
Sun is convinced that Bloomberg is preparing to disclose this data soon, which is why he is demanding a jury trial, as well as compensation for legal fees and court costs.
It is worth noting that in early August, Justin Sun participated in Blue Origin’s NS-34 space mission, spending $28 million on the flight.