He argued that the disclosure would cause “significant and irreparable” harm, both financially and personally, due to the sensitive nature of the data.
Sun said he provided Bloomberg with some information about his crypto portfolio only for verification purposes and under the condition that it would not be published without his consent.
He claimed that Bloomberg’s planned report went far beyond the standard data typically included in the Billionaires Index and directly contradicted assurances given to him.
According to him, Bloomberg’s publication would provide everyone, including bad actors, with
vital information to identify his crypto wallets. This action, Sun argued, would constitute an invasion of his privacy and also subject him and his family “to a significant and imminent risk of theft, hacking, kidnapping, and bodily harm.”
Sun’s legal team added:
“Given his significant crypto holdings, once Plaintiff’s wallet numbers are known, Plaintiff will become a considerable target for bad actors who can use the information to determine the methods to carry out an attack, which may include a variety of tools to steal, extort, and attack Plaintiff.”
In an Aug. 12 letter to Judge Maryellen Noreika, Bloomberg stated that it will challenge the lawsuit and the temporary restraining order (TRO) that Sun requested.
The outlet argued the TRO was irrelevant because the article had already been published before it received a cease-and-desist letter from Sun’s legal team. Bloomberg further claimed that blocking publication would infringe on its First Amendment rights.
The traditional media outlet stated that Sun owned more than 60 billion TRX tokens, which equates to roughly 63% of the token’s total supply. In addition, Bloomberg noted that Sun owned 17,000 Bitcoin, 224,000 Ethereum, and 700,000 Tether USD (USDT).
Bloomberg pointed out that its analysis covered only verifiable on-chain holdings and excluded assets on exchanges like HTX and Binance.
