Justin Sun sues Bloomberg over plans to make secret code retention public

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Key takeout

Justin Sun challenges Bloomberg with the intention of releasing sensitive financial information.
The lawsuit focuses on alleged concerns about violations of confidentiality agreements and individual security risks.

Tron founder Justin Sun has filed a lawsuit against Bloomberg in federal court for Delaware, asking media companies to stop a detailed breakdown of his codeholding.

Litigation, Submit It occurred on August 1, 2025, after Bloomberg was born after Sun was ranked the world’s wealthiest individuals, including Sun on the Bloomberg Billionaire Index. According to Molly White, a software engineer and cryptographer, first shared the filing.

Sun claims that Bloomberg shared sensitive financial information, both in writing and verbally, only after repeated assurances that his crypto portfolio data remained “strictly confidential” and would only be used to verify his total net worth.

The internal messages cited in the filing show have agreed that Bloomberg reporters and editors will restrict access to Sun’s data and will be removed after verification. Sun found no precedent for publishing detailed crypto holdings unless he reviewed other profiles on the index and came from public statements or submissions.

“If only the plaintiffs had known that Bloomberg would publish details about his crypto assets, including breakdowns of cryptocurrency holdings, the plaintiff would not have agreed to join Bloomberg’s billionaires index,” the lawsuit states.

The 14-page complaint alleges that Bloomberg’s draft profile, released in late July, contained a detailed breakdown of “many inaccuracies” and a crypto-holding by the coin. Sun argues that this disclosure violates their agreement and exposes him to security risks, including potential hacking, theft, fear, or physical harm to him and his family.

After Sun’s legal team sent a ceasefire and the assumption sought letter on August 2, Bloomberg demanded that disclosure be restricted to his overall net worth and broad asset categories, Bloomberg’s newsroom lawyers confirmed plans to publish a detailed breakdown “immediately.”

Cryptocrats are currently seeking temporary restraining orders to block the disclosure of certain cryptocurrency amounts, preliminary and permanent injunctions, and legal fees from Bloomberg for the disclosure of private facts.