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Justin Sun Sues Bloomberg Over Planned Crypto Asset Disclosure

Justin Sun, the founder of Tron, has taken Bloomberg to court to block their publication of what he described as highly sensitive information concerning his cryptocurrency assets. The petition filed at the US District Court of Delaware claims that such release of information would compromise his privacy and put his life in danger.

Sun also says that earlier this year Bloomberg invited him to its Billionaires Index. He agreed as long as he understood that any data on the assets that he would provide will be kept as confidential and will only be represented as a lump sum valuation. He says the contract clearly did not allow splitting his holdings by type of token.

In his suit, Sun says that he furnished extensive information about wallets through a secure channel. Bloomberg had signed written guarantees promising that the information would be destroyed after verification and would never be used in reporting. In July, though, his team received a draft profile, which not only contained inaccuracies but also provided a granular detail of his crypto holdings.

Sun warns that such revelation would allow believers of blockchains to establish parallels with his wallets and make him susceptible to hacker attacks, theft, and even physical attacks. He further states that other crypto billionaires do not face the same type of disclosures unless they choose to disclose.

Conclusion

In conclusion, Sun is seeking to protect his privacy and safety, insisting that Bloomberg’s detailed disclosure of his crypto assets violates their agreement and exposes him to significant personal and financial threats.

Also Read: Kiki Token Scandal

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