Tron Founder Justin Sun Sues Bloomberg to Block Disclosure of Crypto Holdings

Justin Sun, founder of the Tron blockchain network, has filed a federal lawsuit against Bloomberg LP to stop the publication of detailed information about his cryptocurrency portfolio.

The complaint, filed on August 1 in the U.S. District Court for the District of Delaware, claims Bloomberg breached assurances given during preparations for its Billionaires Index. Sun alleges Bloomberg had promised to use details of his holdings only for internal verification of his net worth and not to publish a token-by-token breakdown.

Court filings say that Sun’s legal team issued a cease-and-desist notice on August 2 after learning Bloomberg intended to release the data. According to the lawsuit, Bloomberg’s newsroom counsel confirmed the information would be published soon, prompting Sun to seek both temporary and permanent injunctions, a jury trial, and repayment of legal costs.

The dispute comes at a time when wealthy figures in the cryptocurrency industry are increasingly concerned about personal safety. Security specialists warn that publishing specific crypto wallet details can make individuals more vulnerable to hacking, theft, and targeted extortion.

“Financial disclosures should balance transparency with legitimate security and privacy concerns,” said David Gu, general counsel at the cryptocurrency exchange LBank. “There are ways to verify net worth without revealing wallet addresses.”

Bloomberg has opposed the request for a restraining order. The company argues that the profile of Sun had already been published before the lawsuit was filed and that any restriction would infringe on press freedoms protected by the First Amendment.

Market reaction to the case has been muted. Bitcoin was last trading near $121,672, while TRON’s native token, TRX, was around $0.366, both showing little change from the previous day. Broader cryptocurrency prices were steady as investors awaited U.S. economic data later this week.

Sun, who also serves as Grenada’s ambassador to the World Trade Organization, has faced regulatory scrutiny before. In 2023, the U.S. Securities and Exchange Commission filed a lawsuit accusing him of unregistered securities sales, which he denied.

Hearings in the Bloomberg case are expected in the coming weeks. Legal analysts say the outcome could shape future handling of sensitive financial data by media outlets, particularly in the fast-growing digital asset sector.

Recap :
Sun’s lawsuit centers on allegations that Bloomberg violated confidentiality by preparing to publish a detailed list of his cryptocurrency holdings. He claims this data was given only for internal verification and that disclosure poses personal safety risks. Bloomberg disputes the claims and has already published the profile, citing First Amendment protections. The case could set an important precedent for the balance between media transparency and individual privacy in the cryptocurrency industry.