Changpeng Zhao sues Bloomberg for defamation

The head of the cryptocurrency exchange Binance, Changpeng Zhao, filed a lawsuit against Bloomberg Businessweek, accusing himin slander. This was originally reported by Watcher Guru, Zhao confirmed the information.

The lawsuit was sent to the court of Hong Kong. 

Zhao claims that the 250th issue of the Chinese edition of Bloomberg Businessweek containsmaterials that defame and harm the image of the Binance CEO. 

According to court documents with whichDecrypt got acquainted, the Chinese magazine Bloomberg Businessweek titled the material on CZ as “Changpeng Zhao’s Pyramid”. The head of Binance also pointed out in the lawsuit the promotion of this article on Twitter and Facebook.

CZ is also unhappy with the American version of the material:

Binance's CEO's lawyers said that the English-language article also contained defamation and unfounded accusations.They are intended to "mislead readers into believing that Zhao and Binance are engaged in illegal or questionable activities," the documents said.

CZ intends to obtain the removal of materials, a ban on their reprint, as well as compensation for the damage caused.

Recall that in 2020, Binance sued Forbes because of “defamatory statements.” The reason was the publication about servicing American clients of the platform bypassing regulators.

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