Justin Sun Sues Bloomberg for Alleged Misreporting of Crypto Holdings—Legal Battle Heats Up

Crypto heavyweight Justin Sun throws down the gauntlet—filing suit against Bloomberg over disputed portfolio disclosures. The TRON founder claims 'inaccurate reporting' damaged his reputation amid a sensitive market climate.

Legal fireworks erupt

Sun's legal team alleges Bloomberg published 'materially misleading' figures about his digital asset holdings without proper verification. The lawsuit demands retractions—plus damages that could exceed nine figures.

Market tremors

The case lands as regulators globally tighten crypto disclosure rules. Observers note the irony—a transparency lawsuit involving an industry that once prided itself on operating in the shadows. 'Nothing brings accountability like lawyers and discovery,' quips one Wall Street analyst.

TLDR

• Justin Sun files lawsuit against Bloomberg over its plans to disclose crypto portfolio details.

• Sun claims Bloomberg breached confidentiality agreements on his crypto assets.

• Sun argues public disclosure of crypto holdings could expose him to security risks.

• Sun seeks legal action to stop Bloomberg from publishing detailed crypto breakdown.

TRON founder Justin Sun has filed a lawsuit against Bloomberg in Delaware federal court, aiming to block the media giant from publishing a detailed breakdown of his cryptocurrency holdings. The complaint was filed on August 1, 2025, after Bloomberg planned to include Sun in its Bloomberg Billionaires Index, which ranks the wealthiest individuals globally.

Sun claims that he provided sensitive financial information to Bloomberg under the condition that it WOULD remain strictly confidential. According to Sun, Bloomberg assured him multiple times, both in writing and verbally, that the data would only be used to verify his total net worth. The lawsuit accuses Bloomberg of planning to disclose this information in violation of their agreement.

Details of the Justin Sun Lawsuit and Alleged Breach of Trust

The lawsuit revolves around a draft profile that Bloomberg shared with Sun in late July. Sun contends that the profile contained a detailed and inaccurate breakdown of his crypto holdings, which violated the terms of their agreement. Sun had expected that only his overall net worth and broad asset categories would be made public, not a detailed listing of his cryptocurrency assets.

According to the 14-page complaint, Bloomberg had assured SUN that his data would not be disclosed unless it came from public statements or official filings. Sun argues that no other profiles in the Billionaires Index contained such detailed information unless it was already publicly available.

He claims that Bloomberg’s intention to publish his complete cryptocurrency holdings poses significant risks to his personal security, including the potential for hacking, theft, and extortion.

Security Concerns and Legal Action

In response to Bloomberg’s actions, Justin Sun legal team sent a cease-and-desist letter on August 2, 2025, requesting that the company limit its publication to general asset categories and overall net worth. Despite the cease-and-desist order, Bloomberg confirmed plans to proceed with the publication of the detailed breakdown.

Sun is now seeking a temporary restraining order as well as both preliminary and permanent injunctions to prevent Bloomberg from publishing the detailed breakdown of his cryptocurrency holdings.

Justin Sun legal team has also requested legal costs and damages from Bloomberg for what they describe as the public disclosure of private financial information.

Concerns Over Confidentiality and Investor Trust

Justin Sun lawsuit highlights the importance of maintaining confidentiality in financial matters, particularly for high-profile individuals like him. The case also raises broader concerns about privacy and security in the digital age, especially when it comes to sensitive data such as cryptocurrency holdings.

Sun has argued that the disclosure of this information could expose him and his family to significant risks, both online and in the real world.

While Bloomberg’s Billionaires Index typically includes detailed information about the wealthiest individuals, Sun’s case suggests that some high-net-worth individuals may be unwilling to share such private details due to security and privacy concerns. This lawsuit reflects the ongoing tension between the public’s desire for transparency and the need to protect personal information.