Justin Sun angrily sues Bloomberg for 'breaching confidentiality' of wealth privacy: TRX and BTC holdings are like running naked, life and property in danger

The globally renowned financial media (Bloomberg) recently disclosed the massive cryptocurrency assets held by Tron founder Justin Sun, sparking controversy. Justin Sun promptly filed a lawsuit against Bloomberg in the U.S. District Court for the District of Delaware on August 11, accusing it of breaching confidentiality agreements and unlawfully revealing sensitive financial information, potentially placing him and his family at significant security risk. (Background: Justin Sun appeared at the TRON, Inc. name change bell ringing ceremony, marking the launch of a new era of cryptocurrency assets with the TRX reserve strategy.) (Supplementary Background: Justin Sun returned to Earth after a suborbital space flight, setting a new record for Chinese astronauts.) Recently, the globally renowned financial media (Bloomberg) released a report detailing the cryptocurrency asset details of Tron founder Justin Sun. According to Bloomberg, citing financial information provided by Justin Sun in February 2025, Sun holds over 60 billion TRX, 17,000 bitcoins, 224,000 ether, and 700,000 USDT. In addition, Justin Sun also owns about 90% of the cryptocurrency exchange HTX. Bloomberg estimates that Justin Sun's net worth is approximately $12.4 billion, far exceeding Forbes' previous estimate of $8.5 billion. Justin Sun accuses Bloomberg of breaching confidentiality agreements. However, regarding Bloomberg's report, Justin Sun filed a lawsuit in U.S. District Court for the District of Delaware on August 11, accusing Bloomberg of violating its confidentiality agreement by unlawfully disclosing his highly confidential and sensitive digital asset information. According to the complaint, this information was originally intended only for Bloomberg's "Billionaires Index" for wealth verification purposes, which is used to track the assets of the world's 500 richest individuals. Justin Sun claims that Bloomberg's actions not only violated its written commitments but also placed him and his family at significant risk of theft, hacking, kidnapping, and personal harm, potentially causing "irreparable harm." Lawsuit Background: From Confidentiality Agreement to Public Controversy Public records show that Bloomberg proactively contacted Justin Sun's team in February 2025, inviting him to join the "Billionaires Index." Initially, Justin Sun was concerned due to the sensitivity of the cryptocurrency assets, but Bloomberg made multiple written commitments, assuring strict confidentiality of financial information, stating it would only be used for internal net asset calculations, and that public reports would only reflect total asset valuations. Based on this, Justin Sun provided his detailed wallet addresses and asset data through secure channels. However, by the end of July 2025, Justin Sun's team discovered that Bloomberg journalists had unlawfully used this confidential data in another report, and the draft of the index they received directly listed details of his cryptocurrency holdings, including specific currencies and quantities, with some data containing "serious errors." Justin Sun pointed out that this practice differs from that of other cryptocurrency billionaires (such as Coinbase CEO Brian Armstrong or Binance founder Changpeng Zhao), whose reports typically only disclose total asset valuations rather than specific holdings. Justin Sun's Claims and Bloomberg's Response Justin Sun is currently claiming in the lawsuit that Bloomberg's actions violated the confidentiality agreement in place when he provided the data. He emphasized that the public disclosure of precise holding data could allow criminals to track his wallet through "address clustering techniques," increasing the risk of "ransom attacks." He issued a cease-and-desist letter on August 2, demanding that Bloomberg retract the report, but Bloomberg still published his asset data on August 11. Justin Sun is seeking a temporary, preliminary, and permanent injunction from the court to prohibit Bloomberg from further disclosing his asset details and is requesting compensation for litigation costs and attorney fees. Bloomberg responded to the court on August 12, stating that Justin Sun's request for a temporary restraining order was meaningless since the report had already been published. Bloomberg's attorney stated that they would argue in subsequent opposition that the request violated the freedom of the press protected by the First Amendment of the U.S. Constitution, and that Justin Sun would find it difficult to prove that his claims of privacy infringement had a likelihood of winning. The case is still under review, and we will continue to follow the outcome. Related Reports: Ethereum staking market congested! 520,000 ETH queued for unstaking, 360,000 ETH flooding into staking... Related to Justin Sun? The youngest Chinese astronaut! Justin Sun's first spaceflight breaks new ground in blockchain. Besides the newly purchased listed company, what other businesses and assets does Justin Sun own? "Justin Sun angrily sues Bloomberg for 'breaching confidentiality' of wealth privacy: TRX and BTC holdings are like running naked, life and property in danger" This article was first published on BlockTempo, the most influential blockchain news media.