Binance CEO Changpeng Zhao Files Defamation Law Against Bloomberg

Changpeng Zhao (CZ), the founder and CEO of Binance, filed a lawsuit against Bloomberg. The billionaire believes that the media published defamatory words about him and about his cryptocurrency exchange platform. On Twitter, CZ revealed behind the scenes of the case.

Changpeng Zhao filed a lawsuit against Bloomberg

Changpeng Zhao (CZ), the founder of Binancerecently filed a complaint against Modern Media Company Limited, the independent publisher behind the media Bloomberg Businessweek in Hong Kong. In the documents accessible online, we know that the billionaire believed to be published in the media false, malicious and defamatory declarations” about him and about Binance.

In front of the High Court of Hong Kong, the CEO pointed the finger at the presence of the phrase ponzi scheme in the picture made by Bloomberg. When he was contacted for a series of photographs, the article had to be titled “Can the richest person in crypto catch the cold?”, in reference to the bear market. Eventually, the article was published with the title “Changpeng Zhao’s Ponzi Scheme”.

The Binance executive also regretted that Bloomberg reused the phrase twice more in Twitter and Facebook posts intended to promote the article. For the billionaire, the journalist tried voluntarily make fun of him.

According to Changpeng Zhao, the English version of the article also has blasphemous passages. According to the contractor’s lawyers, it contained “Some serious and defamatory allegations against Zhao and Binance are baseless and clearly designed to mislead readers into believing that Zhao and Binance are engaged in illegal or nefarious activities.”

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The founder of Binance said on Twitter

On his Twitter account, Changpeng Zhao spoke briefly about the complaint. The leader did not mince his words. In particular, he considered that “Most reporters at Bloomberg are good, but this time is bad”. He also returned to the circumstances of his interview with reporters:

“Bloomberg: hey, we’ll make a nice picture of you, invite you for photoshoots, etc. Then we’ll change the story at the last minute. We’ll ignore all the positive feedback received from third parties. I just chose the old one negative reviews. And we always put you on the cover. WTF! ? Unprofessional. »

CZ therefore demands the withdrawal of the article, a correction of defamatory declarations as well as damages. Note that it is not not for the first time that CZ filed a complaint against a media. In 2020, he filed a complaint against Forbes for similar facts before withdrawing.

👉 Also Read – Reuters Investigation Accuses Binance and Changpeng Zhao of Promoting Money Laundering

Source: Court Listener, Twitter

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