Bloomberg Apologizes to Binance and CZ!

Today, Bloomberg Businessweek China Edition has formally apologized to Binance and its founder Changpeng Zhao, retracting the false accusations in its cover story.

Accordingly, the Chinese version of Bloomberg admitted that it made a “big mistake” due to the inaccurate and baseless cover headline about Binance in its 250th issue in July 2022 and issued an apology.

Bloomberg Businessweek’s apology came after CZ filed a defamation lawsuit following the news report.

Binance, the world’s largest cryptocurrency exchange, also responded to the latest apology message published by Bloomberg Businessweek.

Binance expressed its satisfaction with the withdrawal in a statement, saying:

“Today, Bloomberg Businessweek China Edition issued an apology for the incorrect and inaccurate cover story regarding Binance in its 250th issue in July 2022.

We are pleased to see that the unjust accusations have been withdrawn.

We will continue to focus on providing the best service and innovation to our users as we strive to set a strong example to ensure a healthy, sustainable industry.”

The Chinese version of Bloomberg Businessweek will be published on July 6, 2022 in Issue 250, and “Zhao Changpeng’in Ponzi Planı” Zhao, Binance’s former CEO, filed a lawsuit against the publisher on the grounds that it damaged his reputation and demanded that the article be removed.

Today, Bloomberg Businessweek Chinese Edition issued an apology statement for the false and inaccurate cover title concerning Binance in its 250th issue in July 2022.

We are pleased to see that the wrongful accusations have been retracted.

We will continue to focus on… pic.twitter.com/jwJvgz5uJk

— Binance (@binance) July 17, 2024