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- Justin Sun sues Bloomberg, claiming it broke an agreement to keep his crypto wealth details private.
- Bloomberg says it never accepted Sun’s conditions and defends its right to publish.
Justin Sun has filed a lawsuit against Bloomberg, saying the company broke an agreement to keep his personal financial information private. The case was filed on August 11 and centers on Bloomberg’s Billionaire Index, a list of the world’s richest people.
Justin Sun Says Bloomberg Ignored His Conditions
Justin Sun had agreed to be included in the Billionaire Index, but said the only reason he shared extra information was to confirm his wealth. According to the lawsuit, Bloomberg reporters asked him for more details, including a complete list of cryptocurrency wallet addresses under his control.
Sun claims a Bloomberg journalist told him the details would stay confidential. In a group chat, he told Bloomberg staff that all information was for verification only, should be deleted after the process, and could not be used for any other purpose. He also said he would not answer further questions outside of the wealth check.
The lawsuit says Bloomberg later gave the information to another journalist working on a separate profile. Sun’s team objected, saying he never gave permission for the breakdown of his holdings to be made public.
According to the update, they say the only figure he agreed could be shared was the overall estimate of his wealth. Bloomberg journalist Tom Maloney is quoted in the filings as saying the company never accepted the terms Sun tried to set after sending the data.
Lawsuits against crypto founders are not uncommon in the ecosystem. As noted in our previous article, Changpeng “CZ” Zhao, co-founder of Binance, has asked a U.S. court to dismiss a lawsuit from FTX’s bankruptcy estate. The case centers on a 2021 deal worth $1.8 billion and accuses him of playing a role in the collapse of the now-closed crypto exchange.
Bloomberg Cites Free Press Rights in Response
Sun’s lawyers are asking the court to stop Bloomberg from publishing a detailed report on his cryptocurrency assets. They say this information could put him at risk because cryptocurrency transactions cannot be reversed, and large holders could become targets for theft or physical attacks.
In addition, Bloomberg told the court that the Billionaire Index profile was already published before the lawsuit was filed. The company argued that blocking publication would interfere with its First Amendment rights and that courts only allow such restrictions in rare situations.
The Bloomberg profile also states that Sun owns about 90% of cryptocurrency exchange HTX, based on information his representatives gave in May. This is at odds with his earlier public statements denying ownership.
Sun’s legal team said the case is about privacy and trust, claiming that promises made to sources must be kept. Bloomberg insists no such agreement was ever in place, and the dispute will now be decided in court.
In another major news, CNF reported on Justin Sun’s space mission with Blue Origin’s NS-34 space mission. Following the flight, he becomes one of the first humans alive to go to the edge of space.
