Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Binance founder ChangPeng Zhao or cz threatens to sue the Bloomberg news agency for the second time message Blaming links between stock exchange and USD1 stablecoin.
In x post On Friday cz called the article “Another Hit Piece”, which was “sponsored by a competitor” without expressing the competitor explicitly. He refused it as a message that was supposed to deal with the fear, uncertainty and doubts that popularly refer to the FUD in the crypto ling.
Cz said that the Bloomberg report contains “so many factual errors that I don’t even know where to start,” he adds:
“Maybe he will have to sue them for defamation.”
The right message Bloomberg
The Bloomberg report published on Friday at the Center of Legal Threat CZ. The message quotes three anonymous sources supposedly This binance developed a basic intelligent contrast code that powered the Stablecoin USD1.
World Liberty FinancialA crypt company associated with the US President Donald Trump and his sons, running USD1 22 May. On the same day he published the Wall Street Journal and message He claims that CZ played the role of “fixers”, presenting World Liberty Financial Team to international dignitaries. Cz denied the claims in the report.
Launched USD1 came almost a month after the founders of World Liberty Financial Met with CZ in the middle of global adoption pressure. Soon thereafter, a company based in Abu Dhabi created 2 billion dollars Investing in Binance, which was settled using USD1. The Bloomberg report further claimed that nearly 90% of all USD1 remains in Binance wallets and potentially generates tens of millions of dollars in Trump’s interest.
Soon after the agreement of Binance involving USD1, CZ sought grace from Trump. The CZ was convicted and was released after four months of prison last year for not having to maintain suitable binance railing to avoid money washing.
The Bloomberg article argued that the expectations of CZ from the in the middle of the close links of Binance at World Liberty Financial raises questions of the conflict of interest.
It is worth noting that the crypto community is tremendously in support of CZ, with most users urging CZ to continue the application for a defamation against Bloomberg.
Liture Disputes against Bloomberg and other media
CZ has sued media agencies several times. He sued Modern Media, publisher of Hong Kong for Bloomberg, for his article in magazine 6 July 2022, who claimed that CZ was operated by Ponzi. It is worth noting that Bloomberg himself was not a party in the trial.
In July last year, she released modern media excuse to CZ and Binance after he lost a two -year legal battle. The press agency withdrew the report called “ChangPeng Zhao’s Ponzi Scheme” called “fake and unsubstantiated”. At that time, the modern media agreed to donate the agreed amount instead of the payment of damage.
Before the trial of 2022 CZ in 2020, Forbes sued for the report that Binance facilitated money washing and cheated on the financial regulators. But the cz, however, fell Judicial action in 2021. In 2022, Binance earned $ 200 million investment in Forbes.
CZ also rejected the claims of other media earlier. In April CZ refuted The Wall Street Journal report, which claims that he agreed to testify against the founder of Tron Justin Sun as a campaign on Smear.
