• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Binance CEO sues Bloomberg subsidiary alleging defamation

Jon Hartney by Jon Hartney
July 26, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

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.

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

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 documents claimed that Modern Media published a report that “contained false, malicious and defamatory statements about Zhao and his company, Binance Holdings Limited.”

The Chinese edition ran its version of a June 23 Bloomberg article titled “Can Crypto’s Richest Man Stand the Cold?” but was published with the title “Zhao Changpeng’s Ponzi Scheme.”

On June 25, CZ commented on the original article, “While most journalists at Bloomberg are good, but this time, it was bad.” On Monday, he said, “Be accountable for your actions.”

Bloomberg: hey, we will do a nice profile piece on you, invite you for photoshoots, etc. Then switches the story last minute. Ignore all positive comments they got from 3rd parties. Picked only old negatives. And still puts you on the cover. WTF!? Unprofessional.

— CZ Binance (@cz_binance) June 24, 2022

Zhao is also suing the publication for using the Ponzi-referencing title in the Chinese edition of Bloomberg Businessweek’s social media accounts to promote the article. The Chinese language article was also distributed in print around Hong Kong on July 7, according to the filings.

The filing is a personal suit and has nothing to do with the exchange or company, as confirmed by Binance when Cointelegraph reached out for comment.

A motion for discovery was also filed against Bloomberg in the United States for the defamation that came from the original article. It read:

“Surprisingly, the Original Article contained several serious and defamatory allegations made against Zhao and Binance that were completely unsubstantiated and were obviously designed to mislead readers into believing that Zhao and Binance have been engaging in illegal or unsavory activities.”

Zhao is pursuing a ruling barring the publication from ever republishing the allegedly defamatory statements in Hong Kong. He also wants to see the removal and recalling of the statements along with damages, interest and costs.

According to court documents, Bloomberg partially satisfied some of Zhao’s concerns before the lawsuit was filed by changing the article title to “The Mysterious Changpeng Zhao.”

It is also understood that the defamatory social media posts were deleted and physical copies of the translated article had been recalled in Hong Kong.

Related: Binance files US lawsuit against Forbes and two cryptocurrency journalists

It is not the first time Zhao and Binance have sued the media. In 2020, Binance Holdings Ltd sued Forbes Media LLC for defamation but quietly dropped the case the following year.

Cointelegraph reached out to Binance representatives for comment but had not heard back at the time of press.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$23,379.000.28%
  • ethereumEthereum(ETH)$1,667.170.72%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.04%
  • binancecoinBNB(BNB)$332.361.19%
  • usd-coinUSD Coin(USDC)$1.000.05%
  • rippleXRP(XRP)$0.4109390.28%
  • Binance USDBinance USD(BUSD)$1.00-0.06%
  • cardanoCardano(ADA)$0.400387-0.01%
  • dogecoinDogecoin(DOGE)$0.0961252.72%
  • matic-networkPolygon(MATIC)$1.241.44%
  • OKBOKB(OKB)$43.685.09%
  • SolanaSolana(SOL)$24.34-0.51%
  • Shiba InuShiba Inu(SHIB)$0.0000158.08%
  • Lido Staked EtherLido Staked Ether(STETH)$1,662.450.74%
  • polkadotPolkadot(DOT)$6.85-0.21%
  • litecoinLitecoin(LTC)$98.48-0.27%
  • AvalancheAvalanche(AVAX)$20.97-1.03%
  • tronTRON(TRX)$0.0649072.23%
  • UniswapUniswap(UNI)$7.271.88%
  • daiDai(DAI)$1.000.07%
  • cosmosCosmos Hub(ATOM)$14.64-1.17%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,378.000.19%
  • chainlinkChainlink(LINK)$7.210.15%
  • ToncoinToncoin(TON)$2.33-0.28%
  • ethereum-classicEthereum Classic(ETC)$23.721.97%
  • leo-tokenLEO Token(LEO)$3.501.37%
  • moneroMonero(XMR)$172.860.03%
  • AptosAptos(APT)$16.610.66%
  • bitcoin-cashBitcoin Cash(BCH)$137.540.47%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • stellarStellar(XLM)$0.0930440.22%
  • ApeCoinApeCoin(APE)$5.89-0.71%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.533.46%
  • CronosCronos(CRO)$0.0833251.38%
  • filecoinFilecoin(FIL)$5.51-1.47%
  • QuantQuant(QNT)$143.11-0.72%
  • algorandAlgorand(ALGO)$0.268258-0.44%
  • HederaHedera(HBAR)$0.0729003.32%
  • Lido DAOLido DAO(LDO)$2.19-3.00%
  • vechainVeChain(VET)$0.0248300.64%
  • FantomFantom(FTM)$0.62-2.00%
  • Internet ComputerInternet Computer(ICP)$5.922.08%
  • decentralandDecentraland(MANA)$0.780.03%
  • The SandboxThe Sandbox(SAND)$0.772.07%
  • Axie InfinityAxie Infinity(AXS)$11.562.47%
  • AaveAave(AAVE)$88.91-1.13%
  • eosEOS(EOS)$1.100.36%
  • FlowFlow(FLOW)$1.160.41%
  • MultiversXMultiversX(EGLD)$46.712.21%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000193-1.01%
  • theta-tokenTheta Network(THETA)$1.132.61%
  • tezosTezos(XTZ)$1.182.75%
  • FraxFrax(FRAX)$1.00-0.29%
  • The GraphThe Graph(GRT)$0.11242714.09%
  • true-usdTrueUSD(TUSD)$1.00-0.05%
  • huobi-tokenHuobi(HT)$5.823.74%
  • paxos-standardPax Dollar(USDP)$1.000.03%
  • kucoin-sharesKuCoin(KCS)$8.820.87%
  • havvenSynthetix Network(SNX)$2.725.76%
  • bitcoin-cash-svBitcoin SV(BSV)$43.530.03%
  • Curve DAOCurve DAO(CRV)$1.09-1.10%
  • ChilizChiliz(CHZ)$0.145515-0.51%
  • PancakeSwapPancakeSwap(CAKE)$4.575.81%
  • Rocket PoolRocket Pool(RPL)$40.24-0.31%
  • Frax ShareFrax Share(FXS)$10.29-5.19%
  • eCasheCash(XEC)$0.000039-0.52%
  • BitTorrentBitTorrent(BTT)$0.0000011.64%
  • USDDUSDD(USDD)$0.990.00%
  • ImmutableXImmutableX(IMX)$0.91-2.55%
  • Trust WalletTrust Wallet(TWT)$1.691.62%
  • iotaIOTA(MIOTA)$0.2479522.63%
  • Mina ProtocolMina Protocol(MINA)$0.83-1.77%
  • dashDash(DASH)$61.03-1.23%
  • BitDAOBitDAO(BIT)$0.580.07%
  • KlaytnKlaytn(KLAY)$0.2135871.35%
  • GateGate(GT)$4.500.11%
  • OptimismOptimism(OP)$2.99-0.39%
  • makerMaker(MKR)$708.941.01%
  • neoNEO(NEO)$8.80-0.36%
  • cUSDCcUSDC(CUSDC)$0.0227480.00%
  • ArweaveArweave(AR)$11.95-1.97%
  • zcashZcash(ZEC)$46.21-0.54%
  • GMXGMX(GMX)$70.00-6.50%
  • OKCOKC(OKT)$32.546.82%
  • RadixRadix(XRD)$0.057527-2.71%
  • gemini-dollarGemini Dollar(GUSD)$1.011.32%
  • cDAIcDAI(CDAI)$0.0221920.14%
  • THORChainTHORChain(RUNE)$1.86-1.20%
  • OsmosisOsmosis(OSMO)$1.04-4.93%
  • Tokenize XchangeTokenize Xchange(TKX)$6.821.14%
  • Baby Doge CoinBaby Doge Coin(BABYDOGE)$0.00000055.65%
  • RenderRender(RNDR)$1.787.68%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.10-0.39%
  • loopringLoopring(LRC)$0.401679-1.46%
  • PAX GoldPAX Gold(PAXG)$1,862.79-0.07%
  • enjincoinEnjin Coin(ENJ)$0.4869583.33%
  • Convex FinanceConvex Finance(CVX)$6.55-0.72%
  • zilliqaZilliqa(ZIL)$0.030148-0.30%
  • 1inch1inch(1INCH)$0.619.11%