Changpeng Zhao sued Bloomberg
The head of the cryptocurrency exchange Binance Changpeng Zhao filed a lawsuit against Bloomberg Businessweek, accusing it of defamation. This was originally reported by Watcher Guru, after Zhao confirmed the information.
BREAKING: #Binance CEO has filed a defamation lawsuit against Bloomberg.
— Watcher.Guru (@WatcherGuru) July 25, 2022
The lawsuit was filed in a Hong Kong court. Zhao claims that the Chinese version of Bloomberg Businessweek published defamatory and image-damaging information about the head of Binance.
According to documents seen by Decrypt, Bloomberg Businessweek China magazine titled the piece about Zhao as “Changpeng Zhao’s pyramid scheme”. This is a publication from site cryptodefix. Binance's lawyers also said the English-language articles also contained slander and unsubstantiated accusations.
.The comments here says it all. While most journalist at Bloomberg are good, but this time, it was bad.
— CZ Binance (@cz_binance) June 24, 2022
CZ intends to seek removal of the articles, a ban on their republication, and compensation for moral damages.
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