Binance CEO Changpeng Zhao recently sued Bloomberg Businessweek Hong Kong publisher, Modern Media CL, for defamation.
In a headline published by Modern Media CL, he claimed to Changpeng Zhao, whose name we often hear on the cryptocurrency exchange, that he is running his projects in the form of a “ponzi scheme”. Thereupon, Binance CEO, known as CZ, sued the aforementioned Bloomberg’s Hong Kong business partner, Modern Media CL.
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
Changpeng Zhao (CZ), the CEO of Binance, has attracted attention with the news of a new lawsuit. CZ, who fought against the “ponzi scheme” headline about Modern Media CL, known as the Hong Kong publisher of Bloomberg Businessweek, demanded a call to have these printed newspapers collected from all dealers and stop them from spreading further. Media CL, on the other hand, had to do the things requested after the lawsuit.
In addition, Zhao sued 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.
Talking about this case on Twitter, 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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