Overview

• Sun filed a federal complaint in Delaware on August 1 seeking a temporary restraining order, preliminary and permanent injunctions, and legal costs to stop Bloomberg’s impending publication of his detailed crypto portfolio.
• He alleges he provided his coin-by-coin holdings only after Bloomberg assured him the data would remain strictly confidential and be used solely for net-worth verification.
• The lawsuit claims Bloomberg’s draft profile delivered in late July included granular estimates for holdings in TRX, Bitcoin, Ether and USDT.
• Sun warns that publishing specific crypto amounts could enable address-clustering analysis and increase the risk of hacking, theft, kidnapping, extortion and wrench-style attacks.
• First shared publicly by crypto researcher Molly White, the complaint contends that Bloomberg’s plan departs from the Index’s usual practice of reporting cryptocurrency as lump sums or based on public disclosures.