TRON founder Justin Sun has filed a federal lawsuit against Bloomberg in Delaware court, seeking to prevent the media outlet from publishing granular details of his cryptocurrency holdings. The lawsuit alleges Bloomberg journalists explicitly promised confidentiality during wealth verification for its Billionaires Index but now plan imminent disclosure of specific token amounts and wallet data.
Sun asserts he shared sensitive information in February 2025 after Bloomberg's Muyao Shen approached him for the index, receiving written assurances from journalist Tom Sloan that data would remain "strictly confidential" and accessible only to verification teams. Sloan reportedly emphasized in secure Telegram chats: "Wallet address files won't leave our office." Sun's team reiterated in March that information was solely for verification and "must not be used for reporting."
The complaint reveals Bloomberg later drafted a profile detailing Sun's holdings by token type and quantity—contrary to standard index practices where crypto billionaires like Brian Armstrong or Changpeng Zhao receive lump-sum valuations. Sun argues this specificity would enable "address clustering techniques" to identify his wallets, citing Bloomberg's own reporting on "wrench attacks"—physical threats to extort crypto. The filing references 2025's 51 global attacks, including kidnappings in France where victims had fingers severed.
Sun's legal team claims disclosure breaches promissory estoppel and invades privacy, noting irreversible crypto theft risks. David Gu, LBank General Counsel, acknowledged public interest but stressed: "Financial data is uniquely sensitive... disclosure should be proportionate to security risks." Sun seeks injunctions, jury trial, and legal costs. Bloomberg declined comment.