Justin Sun Files Lawsuit Against Bloomberg Over Confidential Data Leak

Justin Sun alleges Bloomberg breached confidentiality by releasing a draft profile with detailed crypto asset breakdowns instead of a lump sum, heightening risks to his personal security.

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Fact Check
Multiple independent and credible news sources, including Yahoo Finance, Law.com, and CryptoSlate, explicitly confirm that Justin Sun has filed a lawsuit against Bloomberg. The core of the lawsuit, as reported by these sources, is the claim that Bloomberg breached confidentiality by planning to publish or publishing details of his crypto holdings, which he alleges puts him at significant risk.
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Summary

Justin Sun has filed a lawsuit in the US District Court for the District of Delaware, claiming that Bloomberg violated confidentiality promises by disclosing a detailed breakdown of his crypto holdings submitted for wealth verification on its Billionaires Index. The suit, invoking claims of public disclosure of private facts and promissory estoppel, seeks temporary, preliminary, and permanent injunctions, reimbursement of legal costs, and a jury trial, warning that the detailed asset breakdown significantly increases his risk of hacking, theft, and physical harm.

Terms & Concepts
  • Cryptocurrency: A digital asset secured by cryptography that operates on blockchain technology, enabling secure financial transactions.
  • Address Clustering Techniques: Methods used to analyze blockchain transactions to link multiple wallet addresses to a single owner.
  • Wrench Attacks: Physical assaults aimed at coercing individuals to transfer cryptocurrency by exploiting exposed wallet information.