Post

The exhibits Telegram conversations and email exchanges attached as exhibits in Sun’s lawsuit appear to tell a somewhat different story than the one he laid out in the complaint.14b A message from a member of Sun’s team on February 28 indicates that a fellow employee named Timothy “will share with u the documents once get [sic] the approval from Justin ”. Several hours later, Timothy confirms he shared the material with Bloomberg journalist Dylan Sloan. Later that evening, Timothy asks about security policies to “prevent data leakage”, and Sloan describes cybersecurity practices and plans to analyze Sun’s crypto wealth using the Arkham cryptocurrency analysis platform. The subsequent week, on March 4, Sloan provides a more detailed plan for their Arkham analysis and outlines that they use a custom API. He assures them that “the file of Justin’s wallet addresses won’t leave our office”. “Are you all OK with that plan as it relates to data security?” he asks. Timothy responds, “ok, [no problem]”; Sun himself also responds “Ok”. Then, on March 27, Sun suddenly posts what looks like several paragraphs of a confidentiality agreement in the Telegram chat — a month after his team had already shared his financial information.

H.E. Justin Sun All information shared within the group is strictly confidential and for verification purposes only. Once the verification is complete, the data must be deleted. The data is solely for verification and may not be used for any other purpose (including reporting). We will not provide any responses beyond the verification service, as that falls entirely outside the scope of simply providing data. This asset data is extremely sensitive. The spreadsheet is for verification purposes only and must not be used for any other purpose. Any leakage may result in legal liability, and the data must be deleted. We will not answer any questions regarding these assets. We only provide data to verify authenticity. Bloomberg must also agree to use the data strictly in accordance with our requirements—for example, to provide only a general assessment or overall valuation based on the data, without making any specific references or detailed reporting on the figures. This data is being provided solely for verification purposes and is not intended for reporting. (Stylization of Exhibit B) Bloomberg employees don’t seem to acknowledge the legalese, but engage in conversations describing their estimates of Sun’s net worth in several partially redacted messages, and the group discusses estimated publication dates. The Telegram chat turns confrontational in late July, when Sun’s team accuses Bloomberg of breaching ethics by sharing information internally with other reporters, and vio

The conversations between Justin Sun, his employees, and the journalists reflect eagerness by Sun to provide financial information that would reflect a generalized dollar estimate of his net worth, followed by concern and then regret once it became evident that Sun would not be allowed to dictate the format or contents of Bloomberg’s reporting. Tom Maloney (Bloomberg) We don't want to publish anything that's not correct and we'd be happy to take your comments / feedback on the valuation draft. Sprina Wang (Tron) It's not publish incorrect information. It's that you can't publish this without his authrization. Tom Maloney (Bloomberg) Why would our valuation require his authorization? (Stylization of Exhibit B)