“In the 250th issue of Bloomberg Businessweek Chinese Edition (July 6, 2022), we made a serious mistake by publishing a false and unfounded cover headline... We unreservedly apologize to Mr. Changpeng Zhao and Binance, the company he founded, for any harm or distress caused.”
On July 17, in response to the cover title of the 250th issue of Bloomberg Businessweek Chinese Edition, "Zhao Changpeng's Ponzi Scheme", Bloomberg Businessweek Chinese Edition issued a statement on its official website, publicly apologizing to Zhao Changpeng and Binance. Once the statement was released, it quickly sparked heated discussions in the crypto community.