Current Date:February 23, 2025

Binance CEO Sues Bloomberg’s Business Partner

Binance CEO changpeng Zhaothe past day Bloomberg BusinessweekModern Media, known as its Hong Kong broadcaster, sued CL for defamation.

In a headline published by Modern Media CL, the name we hear frequently in the cryptocurrency exchange. changpeng to Zhao He claimed that he was running his projects in the form of a “ponzi scheme”. Upon this CZknown as Binance CEO, aforementioned Bloomberg’s Hong KongBusiness partner Modern Media CLsued the company.

On June 23, local publisher of Bloomberg Businessweek, Media CL, ran a headline containing hate speech and contempt for the world’s richest crypto billionaire, Changpeng Zhao. The headline was as follows; “Zhao Changpeng’s Ponzi Chart.”

Binance CEO Sues Bloomberg’s Business Partner For Insulting Zhao Changpeng

Binance’s CEO changpeng Zhao(CZ) has attracted attention with the news of a new lawsuit. Bloomberg BusinessweekCZ, who fought against the “ponzi scheme” headline about Modern Media CL, known as the Hong Kong publisher of , demanded a call to have these printed newspapers recalled from all dealers and stop their further distribution. MediaCLhe had to do the things he wanted after the lawsuit.

Moreover Zhao Bloomberg LP and Bloomberg Inc. in the US District Court for the Southern District of New York for defamation. filed a separate lawsuit against him.

on TwitterTalking about this case, CZ condemned the event with a tweet.

“Be responsible for your actions”

Finally, let’s also mention that one of the main reasons for the growth of the case is that the company was re-shared from time to time on various websites after the newspapers were collected and the smear campaign continued.

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