Binance follows Justin Sun’s lead, sues media in China | Protos
In another disturbing push for censorship from a major cryptocurrency player, Binance has defeated Bloomberg Businessweek’s China arm in a defamation lawsuit after the media outlet titled an issue from 2022, ‘Changpeng Zhao’s Ponzi Scheme.’ The outlet was quick to change the title to ‘The Mysterious Changpeng Zhao,’ but apparently this near-instant alteration did not matter to Binance or Chinese courts. The article in question described how Binance marketing works, expressed that CZ and his companions had urged retail to buy memecoins, that Binance contributed to investors getting burned by Terra/Luna, told of a secret Shanghai office , and, lastly, discussed how Binance almost entirely lacked proper compliance teams. Many of these statements have since been or were previously confirmed by numerous media outlets across the globe. Unfortunately, the win in Chinese court, which resulted in Binance having Bloomberg donate money to children with special needs, has been met with the gen...