Sun Yuchen claimed that the media promised to keep his asset data confidential and attempted to include him in the Billionaires Index but later drafted a profile that disclosed detailed cryptocurrency holdings.

Tron founder Sun Yuchen has filed a lawsuit in the U.S. District Court for the District of Delaware, trying to prevent Bloomberg from disclosing what he calls highly sensitive details of his cryptocurrency holdings.

The blockchain entrepreneur stated that disclosing information would violate his privacy and put him and his family at risk.

Masayoshi Son claimed in the lawsuit that Bloomberg had approached him earlier this year, hoping to include him in its online Billionaires Index (a ranking of the world's richest individuals).

Sun stated that cryptocurrency holdings would only be shown as a single amount.

Before agreeing, he stated that Bloomberg assured him that any asset information he provided would be 'strictly confidential.' Moreover, this particularly applied to his cryptocurrency holdings. He added that this information would only be used to verify his net worth.

Sun Yuchen founded Tron in 2017, possessing a large amount of cryptocurrency and other assets, and he stated that he ultimately agreed based on these assurances.

He provided detailed wallet and asset data to the Bloomberg Wealth verification team through secure channels. He claimed that his understanding was that any information mentioning his crypto assets in the profile would be limited to a one-time valuation. He added that the valuation would not include information broken down by token type.

Bloomberg declined to comment on the matter.

It is alleged that the release of the personal profile draft violated confidentiality commitments.

According to the documents, several Bloomberg journalists reiterated this confidentiality in writing. They stated that this data would remain in internal systems, accessible only to specific employees. They also confirmed that this data would be deleted after verification.

Sun Yuchen's team also set clear conditions in March. They stated that this information would be 'for verification purposes only' and 'must not be used for any other purpose, including reporting.' Furthermore, the lawsuit claims that Bloomberg had no objections to these terms.

In late July, Sun's team learned that a Bloomberg reporter used data from confidential materials in another article.

Around the same time, Bloomberg provided a draft of the Billionaires Index profile, which included what Sun Yuchen described as 'a lot of inaccuracies,' and crucially, detailed the types and amounts of cryptocurrency he holds.

Sun Yuchen argued that such detailed disclosures are not common in Bloomberg indices. Additionally, he stated that this goes beyond the disclosure scope of other cryptocurrency billionaires, such as Brian Armstrong of Coinbase or Zhao Changpeng of Binance. He also added that this information would not be shared unless the individual had already made it public.

He claimed that the planned publication would allow blockchain trackers to link to his wallet. Therefore, he believes this could make him a prime target for hackers and thieves. Moreover, he warned that this could even expose him to potential physical attacks.

The document notes that once the asset composition is clear, the transparency of public blockchains makes it relatively easy to identify large wallets. The document also lists past incidents where wealthy cryptocurrency holders were kidnapped or extorted. Additionally, the document cites Bloomberg's previous reports on these risks.

Masayoshi Son believes that an asset collapse could have far-reaching implications.

Sun Yuchen filed two lawsuits: one for the public disclosure of private information and one for the promise of estoppel. Furthermore, he claimed that the data Bloomberg planned to publish clearly violated the commitment that persuaded him to share the data. He added that the damages could be both economic and material, as crypto transactions are irreversible, and attackers can quickly transfer stolen funds.

The lawsuit seeks a temporary restraining order as well as preliminary and permanent injunctions. These injunctions would prevent Bloomberg from publishing detailed data. Additionally, the lawsuit seeks compensation for legal fees. Sun Yuchen also requested a jury trial.

For Sun Yuchen, his public image is closely tied to Tron and other enterprises, so the case involves more than just media reporting.

This touches on the core contradiction in the cryptocurrency space: the transparency of blockchain data versus the personal safety of high-value holders. Sun Yuchen stated that the consequences of disclosing his detailed holdings could go far beyond a news article.