In what can be called, “yet another lawsuit in the crypto industry,” Changpeng Zhao, CEO of Binance has filed a defamation suit against a Bloomberg subsidiary (Modern Media CL) The lawsuit was filed on 25 July. The issue stemmed from a title of a translated article in Chinese that portrayed Zhao as the head of […]
In what can be called, “yet another lawsuit in the crypto industry,” Changpeng Zhao, CEO of Binance has filed a defamation suit against a Bloomberg subsidiary
Despite the aforementioned development, Zhao filed a separate motion for discovery against the defamatory charges in the U.S. District Court for the Southern District of New York. 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.The two legal actions are part of Zhao’s tenacious image-protection plan for Binance.
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