Chanpen Zhao can sue due to slander on Binance

The owner of the Binance control package, the former Director General of the largest crypto -tank, Changpeng Zhao) said that he was ready to sue the Bloomberg agency for the relationship of his company with Donald Trump’s family of World Liberty Financial (WLF).

Zhao wrote in x that the publication of Bloomberg about the participation of Binance specialists in the development of the USD1 stabilcoin’s smart contract produced by the WLF is “sponsored by competitors”. The businessman did not call specific claims to the text, limiting himself to the statement: the material contains “such a number of actual errors” that “it is not even clear where to start.”

“Perhaps you will have to sue them again for slander,” Zhao added.

According to Bloomberg’s publication, Zhao gave Trump a pardon passing shortly after the USD1 was used as an asset in a transaction of $ 2 billion – when the MGX investment fund from the United Arab Emirates acquired a share in Binance. Now more than 90% USD1 remain on Binance wallets, and these coins are able to bring Trump to the Trump family per year of interest income, Bloomberg writes.

Zhao recalled that in 2022 he managed to hold Bloomberg accountable for the article, which stated that the General Director and the Exchange are related to such illegal operations as the removal of money, fraud and hacking.

After the businessman’s appeal to the Bloomberg court was forced to recognize the error, make official apologies and pay compensation.

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