The Chinese version of "Bloomberg Business Weekly" published a special article on Binance in 2022 and chose founder Changpeng Zhao (CZ) as the cover character. Unexpectedly, the cover title actually wrote the sensational words "Changpeng Zhao's Ponzi Scheme". It caused uproar and many misunderstandings from all walks of life. In response to the mistake made 2 years ago, the publisher of the magazine issued an apology statement today (17th), apologizing to Changpeng Zhao and Binance for the false and unfounded title.
The above title was published in the 250th Chinese version of "Bloomberg Business Weekly" published on July 6, 2022, and the article was compiled from "Bloomberg Business Week"'s English report on Zhao Changpeng on June 23 of the same year, "Can Crypto's Richest" Man Stand the Cold?", the content focuses on a series of controversial events since the establishment of Binance.
From the perspective of attracting readers and creating topics, the cover of "Bloomberg Business Weekly" may be called "successful", but such a sensational and seriously distorted title may also be damaging its own credibility by drinking poison to quench thirst. .
According to Changpeng Zhao at the time, after the publication of the Chinese version of the magazine, he suffered hatred, contempt and ridicule, which hurt his image in the eyes of the public, especially in the currency and business circles.
Changpeng Zhao then filed a lawsuit with the Hong Kong High Court on July 25, 2022, accusing the publisher of the Chinese version of "Bloomberg Business Weekly" "Modern Communications Co., Ltd. (now renamed: Hypermedia Holdings Co., Ltd.)" for defamation and requesting the other party to withdraw the relevant defamatory statements, a formal apology, and a demand that all compensation, including aggravated damages, be donated to charity.
Now, two years later, the publisher has officially issued an apology, saying, "We made a serious mistake by publishing a false and unfounded cover title." It also said, "This magazine has a news report (guide) standards, and these standards should and will improve”:
This publication mistakenly wrote that "it is a Ponzi scheme that is following (Zhao) Changpeng."
This publication unreservedly retracts and retracts this offensive statement, and unreservedly apologizes to Mr. Changpeng Zhao and the institution he founded, Binance, for any harm or distress caused.
Hypermedia also promised that "any identical or similar accusations will not be published or made in any way again" and that in order to correct the error, it will donate an agreed sum in lieu of damages to charity.
In response to this, a Binance spokesperson responded to Blockchain:
We are pleased to see false accusations being withdrawn. We will continue to focus on providing users with the best service and innovation, while also continuing to set an example to ensure the healthy and sustainable development of the industry.
"Admitting that the title "Changpeng Zhao's Ponzi Scheme" 2 years ago was unfounded, Bloomberg Chinese publisher issued a statement to apologize" This article was first published in "Blocker".
