TRON founder Justin Sun has sued Bloomberg in Delaware federal court, accusing the news organization of breaking a confidentiality promise and preparing to publish the exact composition of his cryptocurrency portfolio.
The 14-page complaint, filed on August 1, says the dispute began when Bloomberg sought to add Sun to its Bloomberg Billionaires Index, a ranking of the world’s 500 richest people. According to the filing, Sun only agreed to provide details of his holdings after Bloomberg gave repeated assurances, both in writing and verbally, that the information would remain private and be used only to confirm his net worth.
Sun says internal Bloomberg messages show reporters and editors agreed to limit access to the figures and delete them after verification. He also reviewed other profiles in the index and found no precedent for publishing coin-by-coin cryptocurrency breakdowns unless those figures had already been made public.
The lawsuit claims Bloomberg’s draft profile, sent to him in late July, included “numerous inaccuracies” along with a detailed listing of his crypto assets by token. Sun says that making this information public would break their agreement and put him at risk, potentially opening the door to hacking, theft, extortion, or even physical danger to him and his family.
On August 2, his lawyers sent a cease-and-desist letter asking Bloomberg to limit any reporting to his overall net worth and broad asset categories. Bloomberg’s newsroom counsel responded that the company intended to publish the detailed breakdown “imminently.”
Sun is seeking a temporary restraining order, along with preliminary and permanent injunctions, to stop the publication. He is also asking the court to award legal costs, accusing Bloomberg of public disclosure of private facts and promissory estoppel.
The case drew public attention after software engineer and crypto commentator Molly White shared the court filing. In a post on X, White quoted Sun’s claim that Bloomberg planned to “recklessly and improperly disclose his highly confidential, sensitive, private, and proprietary financial information,” which had only been provided to verify his place on the index.
The dispute has already sparked wider debate in crypto circles about how far financial publications can go when reporting on the wealth of digital asset holders, and where the line between public interest and personal security should be drawn.
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