Thread | Brutkey

Justin Sun has just filed a lawsuit against Bloomberg, claiming they plan to “recklessly and improperly disclos[e] his highly confidential, sensitive, private, and proprietary financial information,” which they obtained while they were verifying his assets for inclusion in the Bloomberg “Billionaires Index”.

#crypto #JustinSun

IN THE UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF DELAWARE
SUN, YUCHEN JUSTIN,
Plaintiff,
v.
BLOOMBERG, L.P., and BLOOMBERG,
INC.,
Defendants.
)
)
)
)
)
)
)
)
)
)
C.A. No.
DEMAND FOR JURY TRIAL
COMPLAINT
Plaintiff Yuchen Justin Sun, by and through the undersigned counsel, brings this action for
public disclosure of private facts and promissory estoppel against Defendants Bloomberg, L.P. and
Bloomberg, Inc., and alleges as follows:
INTRODUCTION
1. Plaintiff Yuchen Justin Sun (“Plaintiff”) brings this action to prevent Defendants
Bloomberg, L.P. and Bloomberg, Inc. (collectively “Bloomberg” or “Defendants”) from recklessly
and improperly disclosing his highly confidential, sensitive, private, and proprietary financial
information. Plaintiff will suffer significant and irreparable harm—both financially and
physically—if this sensitive financial information is published by Bloomberg.
2. Plaintiff is a successful entrepreneur in the blockchain and cryptocurrency industry.
Most notably, Plaintiff is the founder of TRON, a blockchain platform that has evolved into one
of the most active open blockchain platforms in the world with over 300 million accounts. Given
his successful business ventures and holdings, Plaintiff has accumulated a sizable portfolio of
various cryptocurrencies and other valuable assets.

Molly White
@molly0xfff@hachyderm.io

Justin Sun makes some good points, this whole system does seem to have some serious flaws...

relatively straightforward to identify wallet addresses with distinctive characteristics, such as unusually large balances or unique compositions of cryptoassets. 40. Thus, by disclosing the specific amounts of Plaintiff’s cryptocurrency holdings broken out by cryptocurrency, Bloomberg will provide everyone—including bad actors—with vital information necessary to identify crypto wallets that are owned by Plaintiff. Indeed, even if holdings are split among multiple wallets, bad actors can identify linked wallets through address clustering techniques, which analyze patterns such as common inputs, transaction flows, or behavioral signals, to find multiple addresses controlled by the same individual or entity. 41. As soon as the Plaintiff’s wallets are identified, associated wallets can also be found. 42. 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. 43. For example, attackers can use advanced, tailored, and targeted social engineering and phishing to obtain the seedphrase (which functions similar to a password) which would allow them to steal the funds from Plaintiffs’ wallets. These bad actors might also impersonate a cryptoexchange or wallet provider. It is well known in the industry that these bad actors can craft extremely

George Liquor, American
@liquor_american@universeodon.com

@molly0xfff@hachyderm.io 🎻