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Binance CEO Zhao sues Bloomberg for the cover of BusinessWeek magazine

Founder and CEO of BinanceChangpengZhao Antonio Maciello / Getty Images Antonio Maciello / Getty Images

Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange, said on July 25th. Bloomberg Businessweek Above the headline of a Chinese translation of the Hong Kong magazine Zhao, which describes Zhao as running the “Ponzi scheme.”

The suit focuses on Zhao’s cover story Business week Title released on June 23 “Can the wealthiest man in crypto can withstand the cold?” However, in Hong Kong, the Chinese version of the article was published under the headline translated into “Zhao Changpeng’s Ponzi Scheme.”

Zhao spurred “hate, contempt, ridicule” in the proceedings and demanded withdrawal. He also called for the removal of magazines from Hong Kong newspaper stores and restraint orders to prevent Modern Media from spreading the article further.

Also on June 25, Zhao Submit a petition for discovery New York-based Bloomberg LP, owner of BusinessWeek, in the U.S. District Court in the Southern District of New York Business week paper.

“I understand that Binance has filed a proceeding against Modern Media, a company based in China that publishes Chinese versions. Bloomberg Businessweek And it released a translated version of the first Business Week story that took place on June 23, “Bloomberg said in a statement. “The proceedings refer to headlines that were not published in the original English version of the story.”

Zhao is worth $ 17.4 billion Forbes.

Binance CEO sues Bloomberg over the cover of a flattering magazine

Binance CEO Zhao sues Bloomberg for the cover of BusinessWeek magazine

Source link Binance CEO Zhao sues Bloomberg for the cover of BusinessWeek magazine

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