Justin Sun Sues Bloomberg, Seeking to Stop Detailed Crypto Portfolio Release

Crypto entrepreneur Justin Sun has taken legal action against Bloomberg over the media outlet’s plan to publish detailed estimates of his crypto portfolio for its Billionaires Index. Sun alleges that he provided information only to confirm his overall net worth, after assurances from Bloomberg that such specifics would remain confidential. However, a draft profile, sent to him in late July, revealed details on assets coin-by-coin, including an estimate of 60 billion TRX, along with substantial holdings of Bitcoin, Ether, and USDT. Sun argues this level of disclosure exposes him to potential risks, citing recent high-value crypto crimes targeting individuals for their digital wealth. After sending a cease-and-desist letter on August 2nd, Sun requested an injunction to halt publication and limit reporting to general categories, while Bloomberg’s legal team indicated they would proceed regardless, stating the data was already public knowledge. The dispute has ignited discussion in the crypto community about how much privacy prominent figures should expect. Some speculate Sun’s request for secrecy might stem from regulatory, tax, or political factors, given his control over a large share of TRON tokens. Sun is now seeking court orders to prevent Bloomberg from releasing specific figures and covering legal costs associated with the case. Bloomberg claims it has acted within its rights and plans to challenge the lawsuit. The outcome could significantly impact future reporting on cryptocurrency fortunes, setting a precedent for financial media’s approach to revealing wealth.