Binance CEO Sues Bloomberg Subsidiary For Publishing Defamatory Article
Changpeng Zhao, the CEO of Binance, filed a lawsuit against Modern Media CL, the publisher of Bloomberg Businessweek in Hong Kong, on Monday, alleging defamation over a title of a translated Chinese language article that described the executive of the cryptocurrency exchange as operating a “Ponzi scheme.” Binance CEO Out For Blood Changpeng Zhao, the […]
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Per a report from security firm SonicWall, Crypto jacking has been soaring in 2022. This trend has been unaffected and probably has been boosted by the bearish price action recorded across the digital asset industry. Related Reading | Binance CEO Sues Bloomberg Subsidiary For Publishing Defamatory Article According to the definition of Crypto-Jacking by cyber security […]
A Bloomberg article was republished by its Chinese subsidiary using the title “Zhao Changpeng’s Ponzi Scheme.” Binance CEO Changpeng Zhao is suing Bloomberg Businessweek in Hong Kong, accusing the outlet of defamation.On Monday, the Binance CEO, known by the crypto community as “CZ,” sued Bloomberg Businessweek’s Hong Kong publisher Modern Media Company Limited. Modern Media is an independent entity that licenses Bloomberg content.The filing contained defamation claims which stem from a translated Chinese article that alleged the exchange boss was running a crypto Ponzi scheme. The filing....
Formally, Bloomberg Businessweek has apologized to Binance and Changpeng Zhao, co-founder, for a 2022 story that falsely characterized Zhao as the head of a “Ponzi scheme.” Related Reading: Bitcoin Bites The Dust? Peter Schiff Celebrates Gold ATH, Trashes Crypto Modern Media CL, Bloomberg’s publisher, issued a public apology in their 250th edition, indicating a great […]
Cryptocurrency exchange alleges "millions of dollars" in losses as a result of what it describes as a "false and misleading" article. Binance has filed a lawsuit in the state of New Jersey against Forbes Media and two of its journalists, Michael del Castillo and Jason Brett, alleging that an article published under the title Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators was defamatory. Binance is demanding both compensatory and punitive damages.The article, which appeared on the Forbes website on Oct 29 2020, reported that the ‘Tai Chi’ document....
Despite struggling with regulatory challenges that have seen it delist several high-end tokens, Binance has pledged to triple its crypto asset count up to 100 on its Japanese subsidiary platform. Binance Japan To Increase Number Of Listed Tokens To 100 Binance Japan, a prominent Japanese subsidiary of Binance Exchange, has made a surprising announcement in […]