TRON founder Justin Sun has taken legal action against Bloomberg, filing a federal lawsuit in Delaware to prevent the media giant from publishing details of his personal cryptocurrency holdings. The lawsuit alleges that <a href="https://www.courtlistener.com/docket/71089620/1/sun-v-bloomberg-lp/" target="_blank" rel="nofollow noopener">Bloomberg</a> is breaking a confidentiality agreement, claiming that Sun provided the specific crypto amounts for wealth verification for the company's Billionaires Index with the explicit understanding that the information would be kept "strictly confidential." Sun's suit argues that disclosing these details would expose him to a significant risk of physical harm, including "theft, hacking, kidnapping, and bodily harm."

[embed]https://twitter.com/molly0xFFF/status/1955778794163220835[/embed]
<h2>Concerns Over 'Wrench Attacks' and Public Wallet Exposure</h2>
Sun's legal filing outlines a major security concern: the publication of his specific crypto holdings could enable criminals to identify his wallet addresses through "address clustering techniques." The lawsuit specifically mentions the threat of "wrench attacks," which are physical assaults designed to force a person to transfer their digital assets. By publicly detailing his <a href="https://www.cryptoknowmics.com/news/coinmarketcap-issues-crucial-scam-warning-to-crypto-community/" target="_blank" rel="noopener">crypto</a> wealth, Sun's legal team contends that Bloomberg would be directly increasing the risk of such attacks. The lawsuit also points out that Bloomberg's Billionaires Index typically reports other billionaires' crypto holdings in lump sums, not with the detailed breakdown allegedly planned for Sun's case. Sun is now demanding a jury trial and is seeking to be reimbursed for court costs and attorney fees.

Justin Sun Sues Bloomberg to Block Publication of Confidential Crypto Holdings

TRON founder Justin Sun has filed a lawsuit against Bloomberg to prevent the publication of his confidential crypto holdings.

Justin Sun Sues Bloomberg to Block Publication of Confidential Crypto Holdings

Top Picks