CZ at war with Bloomberg

Changpeng Zhao, better known in the crypto community as CZ, the founder and CEO of Binance , one of the largest cryptocurrency exchanges, has filed a lawsuit against the American weekly business magazine Bloomberg Businessweek. 

binance-cryptocurrency-exchange-bloomberg

binance-cryptocurrency-exchange-bloomberg

binance-cryptocurrency-exchange-bloomberg

The cause of the lawsuit was the 250th anniversary issue of Bloomberg magazine on July 6, the cover of which read "Changpeng Zhao's Ponzi Scheme." And in the article, there were many unsubstantiated and unfounded accusations against CZ. 

In a lawsuit against a well-known magazine, Changpeng Zhao demands to publish a refutation of the false, groundless accusations made by Bloomberg, to apologize and pay monetary compensation for the image and moral damage caused. 

We are all well aware that Bloomberg does not belong to the category of yellow press and makes various kinds of statements. I wonder what goals were pursued in the magazine by making such a prickly statement against CZ and what will be the response step. 

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