Binance CEO Changpeng Zhao on Monday sued Bloomberg Businesswe | Tiger Calls

Binance CEO Changpeng Zhao on Monday sued Bloomberg Businessweek’s Hong Kong publisher Modern Media CL. on defamation claims over a translated Chinese language article title that portrayed the crypto exchange chief as running a “ponzi scheme.”

The suit stems from Bloomberg Businessweek’s June 23 profile of Zhao: “Can Crypto’s Richest Man Stand the Cold?” But in Hong Kong, Businessweek's local publisher Modern Media CL ran a different хheadline designed – according to Zhao’s representative – to spur “hatred, contempt and ridicule” for the world’s richest crypto billionaire: “Zhao Changpeng’s Ponzi Scheme.”

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