Published
4 years ago on
November 25, 2019
- The CEO of Binance, Changpeng Zhao has just vowed to sue The Block over fake reporting.
- This all came from an article posted on Friday which was in part of several reports that were in regards to the many strict rulings in China of crypto platforms.
The CEO of Binance, Changpeng Zhao has just vowed to sue The Block over fake reporting. At the end of last week, Zhao said that the platform would be taking legal action over a fake news article that claimed the platform’s Shanghai office was gaining attention from local authorities.
In a tweet, the CEO said:
Instead of apologizing to the community for the fake headline news of the non-existent "police raid", which damaged our reputation, and $btc price, the Block now tries to argue if there was an office, if CZ had a meeting... who cares?
— CZ Binance (@cz_binance) November 23, 2019
Own up & apologize for your mistake. https://t.co/PWjQ7FzEc6
He later went onto state, “we will be suing them.”
This all came from an article posted on Friday which was in part of several reports that were in regards to the many strict rulings in China of crypto platforms. The Block’s article had the following as its headline, “Binance's Shanghai office shut down following visit by authorities, sources say.”
Some crypto commentators argued CZ’s statement with one saying:
Suing for a bad article? CZ, you’ve lost your mind mate.
— ฿ITLORD SAD (@Crypto_Bitlord) November 23, 2019
If you think you can strong arm every journalist that doesn’t share same view point, you’re gonna see 100 more pop up
Gl with this 😬
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
Investment Disclaimer
