$BTC In a dramatic escalation, Binance founder Changpeng Zhao (CZ) has threatened to sue Bloomberg for defamation following the publication of an article alleging Binance’s hidden ties to the controversial USD1 stablecoin project linked to Donald Trump’s circle. CZ blasted the piece as “factually incorrect, misleading, and intentionally damaging,” stating that the report was based on anonymous sources and lacked credible evidence. Binance’s legal team is now exploring options, warning Bloomberg to retract or face serious legal consequences.
$BNB This legal standoff comes at a critical time when Binance is working hard to restore its global reputation after navigating numerous regulatory hurdles in 2024. By aggressively pushing back, CZ is signaling that Binance will no longer tolerate “sensationalist journalism” that misrepresents facts and harms its global brand. If taken to court, this case could set a major precedent in crypto journalism, highlighting the thin line between investigative reporting and reputational damage in the fast-moving world of digital finance.
