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Changpeng Zhao sued Bloomberg for defamation

Changpeng Zhao sued Bloomberg for defamation

Changpeng Zhao, head of the crypto exchange Binance, claims that the 250th issue of Bloomberg Businessweek China contains defamatory and image-damaging material about the Binance CEO. 

According to Decrypt, the Chinese magazine Bloomberg Businessweek titled the CZ article "Changpeng Zhao pyramid scheme. In the lawsuit, the head of Binance also pointed out the promotion of this article on Twitter and Facebook.

The lawsuit was filed in a Hong Kong court. Legal counsel for Binance's CEO said the English-language article also contained slander and unsubstantiated accusations. They are intended "to mislead readers into believing that Zhao and Binance were engaged in illegal or questionable activities," the documents stated.

CZ seeks to remove the material, prohibit its republication, and request compensation for the damage caused.

Recall that in 2020 Binance sued Forbes because of "defamatory statements." The publication concerning the servicing of U.S. customers of the platform bypassing regulators was on the grounds.

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