Justin Sun has filed a lawsuit in the U.S. District Court for Delaware against Bloomberg. The lawsuit seeks a temporary restraining order and injunctions to prevent the disclosure of what he describes as “highly confidential, sensitive, private, and proprietary financial information.”
He alleges that Bloomberg assured him, both in writing and verbally when seeking to include him in its Billionaires Index, that any information provided, particularly relating to his cryptocurrency holdings, would remain strictly confidential and be used solely to verify his net worth, without a detailed breakdown by token type.
However, Sun claims Bloomberg drafted and intended to publish a profile revealing granular crypto holdings, a breach of that agreement. He maintains that the disclosure could expose him and his family to significant risks, ranging from hacking and theft to kidnapping and bodily harm.
Bloomberg has pushed back, arguing the filing for the restraining order is moot since the information had already been published before Sun applied. The outlet plans to oppose the application, pointing to First Amendment protections and claiming Sun cannot demonstrate irreparable harm or breach of confidentiality.
Bloomberg, a globally recognised financial media and data company, compiles the Billionaires Index to rank the world’s wealthiest. Sun’s legal challenge underscores the friction between media transparency, public interest, and individual privacy rights, especially in the opaque domain of crypto holdings.
Several reactions from X reflect scepticism and concern over Sun’s claims:
“When transparency becomes a threat, questions follow.”
“When billionaires fight to hide their money, you know there’s a story.”
“Something there.”
“For him to claim ‘irreparable harm’, the amount of shit must be unfathomable. Possibly black swan for crypto; Luna 2.0 type.”
These comments suggest a prevailing view that such defensiveness implies deeper issues. Observers question why a public figure would fear transparency unless there was something significant to hide, and note that invoking “irreparable harm” tacitly hints at hidden vulnerabilities or potential market shocks.
Justin Sun is the founder of the TRON blockchain platform. He has developed a high profile in crypto circles and previously faced legal scrutiny from U.S. authorities. He served briefly as Grenada’s ambassador to the WTO and is known for his significant crypto investments and media presence.
This lawsuit spotlights a core tension in the crypto era: balancing the public’s right to transparency with an individual’s right to privacy and security. Sun’s legal action may set a precedent for how the media handles sensitive financial disclosures for high-profile crypto figures. It also raises critical questions about where the line should be drawn between legitimate reporting and personal security risks.
