Binance CEO Changpeng Zhao has filed a defamation lawsuit against the Bloomberg subsidiary Modern Media Company.
Binance CEO Alleges Defamation
Binance chief Changpeng Zhao is taking Bloomberg’s Chinese subsidiary to court.
The Hong Kong Economic Times (HKET) reported the news today, confirming that Changpeng Zho will sue Bloomberg‘s Chinese-language subsidiary Modern Media Company.
The media company ran Bloomberg Businessweek‘s 250th issue with the title “Changpeng Zhao’s Ponzi Scheme.”
Zhao’s defense highlighted that Modern Media is an influential publication and argued that the cover title harmed his public image and caused distress and embarrassment. The firm has been asked to withdraw its defamatory comments against Zhao, issue a formal apology, and offer financial compensation including damages.
Neither Zhao nor Binance have commented on the allegations, though Zhao hinted at his involvement in the case by retweeting a post from Watcher Guru today.
Bloomberg seems to have...
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