Changpeng Zhao sues The Block for publishing closure of Shanghai office

Binance founder Changpeng Zhao plans to sue The Block for publishing an article about the closureShanghai exchange office as a result of a police raid.

Changpeng Zhao denied this information, saying thatThe exchange does not have an office in Shanghai. He demanded an apology from the publication, as well as a rewrite of the news. However, The Block only slightly edited its publication, writing that the office was closed “following a visit from government officials.”

Zhao later tweeted that similarThe Block’s behavior is characteristic of fake news sites. Zhao believes that such “irresponsible journalism” not only affected Binance's reputation, but also caused a sharp drop in the bitcoin rate.

They got a few more eyeballs this time, yes.  But it makes TheBlock rated as a fake news site. If that’s how they want their brand to be known, it makes sense. No apologie so far about the fake news either. Irresponsible journalism.

— CZ Binance (@cz_binance) November 22, 2019

“The information about the arrival of the police is unreliable. We do not have an office in Shanghai,” — repeated Changpeng Zhao.

Later The Block News Editor FrankChaparro (Frank Chaparro) has released new material with photographs of the alleged Binance office in Shanghai, saying that representatives of several media outlets have visited this office.

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“You can talk as much as you like about the office: who rented it, for how long, whether it was empty, etc. But why write about the arrival of the police if this did not happen?”, &#8212; writes Changpeng Zhao.

In turn, Chaparro clarified that the data onpolice officers were received from a Binance officer who previously always provided reliable information. Chaparro added that this is not the first time that the publication has encountered critical comments regarding its publications and will continue to write objectively about all the events taking place in the world of blockchain and cryptocurrencies.

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