The Justin Sun lawsuit against Bloomberg has been filed right now in Delaware federal court, and it’s actually causing quite a stir. The TRON founder is seeking to block publication of his detailed cryptocurrency holdings after Bloomberg apparently promised confidentiality but now plans to publish sensitive financial data. Sun claims this could expose him to “significant and imminent risk” of theft, hacking, kidnapping, and even bodily harm.

Crypto Security Risks And Bloomberg Lawsuit Threats Surround Justin Sun

Justin Sun HypeMan
Source: The Verge

Bloomberg’s Alleged Confidentiality Breach

Bloomberg’s alleged confidentiality breach in the Justin Sun lawsuit started when journalist Muyao Shen approached Sun’s team back in February 2025 for inclusion in their Billionaires Index. Sun was hesitant at first because of concerns about his substantial cryptocurrency holdings, but he agreed after getting what seemed like solid confidentiality assurances.

Sun’s team communicated to Bloomberg representatives:

“All information shared within the group is strictly confidential and for verification purposes only.”

Bloomberg journalist Tom Sloan also provided assurances via encrypted Telegram, telling Sun’s people:

“Wallet address files won’t leave our office and the only people who have access are my team and the engineers who manage the API.”

Court
Source: Pixabay

Experts are raising concerns about the Bloomberg crypto leak, focusing on so-called “wrench attacks,” where criminals use physical violence to force crypto transfers. This year alone, attackers have carried out 51 documented incidents worldwide, some of them horrific. In France, kidnappers severed victims’ fingers, and in Uganda, they forced a crypto founder at gunpoint to transfer $500,000.

The court filing in the Justin Sun lawsuit states:

“If Plaintiff is coerced, hacked, or scammed out of their funds, there is little or no recourse.”

Also Read: Justin Sun’s Dad Files $1B to Buy TRX as SEC Hunts His Son

legal experts
Source: ImmigrationLawyer

Legal experts have been weighing in on this unusual case, and the opinions are mixed. David Gu, who works as General Counsel at LBank, acknowledged the sensitivity surrounding cryptocurrency holdings disclosure in the Justin Sun lawsuit case.

Gu told Decrypt:

“In practice, Justin could furnish Bloomberg a zero-knowledge net-worth proof without revealing addresses or positions.”

He also noted:

“Modern democracies value the public’s right to know, especially when high-profile figures’ finances may bear on matters of public trust. Financial data is uniquely sensitive. Disclosure should be purpose-driven and proportionate, balanced against credible security, privacy, and contractual interests.”

The Justin Sun lawsuit could actually set some important precedent for how media organizations handle cryptocurrency holdings going forward. Bloomberg typically reports other billionaires’ crypto assets as lump sums rather than detailed breakdowns, which makes Sun’s case even stronger. At the time of writing, Bloomberg has reportedly confirmed their intent to publish Sun’s information “imminently,” which is why his legal team had to rush to court.

Also Read: Cryptocurrency: Top 3 Coins That Tron Founder Justin Sun Owns

This Bloomberg lawsuit threat isn’t just about privacy – it’s about actual physical safety. The crypto security risks involved here are real, and they’re becoming more common as digital assets grow in value. Sun is demanding a jury trial and wants Bloomberg to cover his court costs and attorney fees, which signals he’s not looking for a quick settlement.