Binance CEO Changpeng Zhao Sues Bloomberg Hong Kong Publisher for Defamation: Report
Binance CEO Changpeng Zhao is reportedly suing the Hong Kong publisher of business publication Bloomberg Businessweek for defamation.
The Hong Kong Economic Times says Zhao is suing Modern Media over a translated article published weeks ago that portrayed the Binance CEO as running a “Ponzi scheme.”
Modern Media publishes the Chinese edition of Bloomberg Businessweek.
According to the report, the original version of the Bloomberg Businessweek cover article that was published online on June 23rd was titled “Can Crypto’s Richest Man Stand the Cold?” The translated version was titled “Changpeng Zhao’s Ponzi Scheme”.
The report says that in the lawsuit filed at the Hong Kong Court of First Instance, Zhao claims that the Chinese version of the article hurt his image besides causing him distress and embarrassment.
“The plaintiff pointed out that Modern Media is an important and influential local media, but the statement is defamatory, causing it to be hated, despised and ridiculed, and harming the plaintiff’s image in the general public, especially in the cryptocurrency and business circles, It caused him considerable distress and embarrassment.”
Last month, the Binance CEO branded the “Can Crypto’s Richest Man Stand the Cold?” piece “bad” and “unprofessional” over how he was portrayed.
“The comments here say it all. While most journalists at Bloomberg are good, but this time, it was bad.
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… Unprofessional.”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/antishock
The post Binance CEO Changpeng Zhao Sues Bloomberg Hong Kong Publisher for Defamation: Report appeared first on The Daily Hodl.
Go to Source
Author: Daily Hodl Staff
