The CEO of Binance, Changpeng Zhao, has recently sued Bloomberg Businessweek for allegedly publishing 3 defamatory statements in its Chinese edition, published in Hong Kong along with its affiliated Twitter and Facebook accounts.
As per the filing copy submitted in Hong Kong High Court this Friday, Zhao sued the Chinese edition of Bloomberg’s Businessweek for publishing the Bloomberg US article, “Can Crypto’s Richest Man Stand the Cold?”
Zhao is seeking legal damages and compensation and is filing a “Personal Suit” as the Chinese edition of Bloomberg Businessweek wrote a phrase which translates to “Zhao Changpeng’s Ponzi Scheme.” As per the reports, the phrase has been used twice in Twitter and Facebook posts while promoting the stories. The suit is unaffiliated with the crypto exchange, Binance.
Zhao’s filings in Hong Kong contemplate that the published defamatory statements “were calculated to hold [Zhao] up to hatred, contempt, and ridicule.”
Zhao claims these statements were intended to lower his image, particularly in the community of existing and potential right-thinking counterparties. As per the suit, the CEO’s legal counsel argued that these statements were published in a sensational manner.
Zhao’s legal counsel alleged that the original English-language version of the article also contained…
