Binance CEO subsidiary of Bloomberg in Hong Kong is sued for alleged defamation

Binance CEO subsidiary of Bloomberg in Hong Kong is sued for alleged defamation

The CEO One of the world's largest crypto exchanges reported reported a lawsuit against a Bloomberg subsidiary in Hong Kong because it was supposedly defamed.

Changpeng "CZ" Zhao introduces legal steps in connection with an article of July 6, in which the CEO is accused of operating a "ponzi system".

The traditional Chinese -language edition of Bloomberg Businessweek in Hong Kong, which has been operated by Modern Media since 2013, was mentioned in the lawsuit.

Modern Media changed the title of the original article of June 23rd " Does Cryptos Reichster man can withstand the cold? Snowball system ", which caused" concern "and" embarrassment ", said Cz.

cz has also submitted an .

The head of Binance said that the article has led to a deterioration of its character within the crypto community and other business circles due to the large reach that Business Week in Hong Kong has.

It is not the first time that CZ is doing a publication to protect the image of his personal brand and that of Binance. In 2020, the CEO Forbes Media sued for defamation on the basis of an article in which it was described how the stock exchange was going to bypass regulatory authorities.

Less than two years later, Binance provided the global media company $ 200 million, of which CZ said at the time, his company was looking forward to "strengthening the digital initiatives of Forbes".

cz has asked Modern Media to withdraw the article and remove the piece from the shelves of the dealers - and to ask for a formal apology and compensation including serious damage.

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The article alleged defamation, Binance CEO is suing the subsidiary of Bloomberg in Hong Kong is not a financial advice.