Alleging Defamation, Binance CEO Sues Bloomberg Hong Kong Subsidiary

From blockworks.co

Alleging he was defamed, the CEO of one of the world’s largest crypto exchanges has reportedly filed a lawsuit against a Bloomberg subsidiary in Hong Kong. Changpeng “CZ” Zhao is pursuing legal action related to a July 6 article, which accuses the chief executive of operating a “Ponzi scheme.” The traditional Chinese-language edition of Bloomberg Businessweek in Hong Kong operated by Modern Media since 2013 has been named in the suit. Modern Media changed the title of the original June 23 article “Can Crypto’s Richest Man Stand the Cold?,” to “Changpeng Zhao’s Ponzi Scheme,” which caused ... (full story)