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HomeBusinessBloomberg Businessweek Apologizes to Binance for ‘Ponzi Scheme’ Accusations After 2 Years

Bloomberg Businessweek Apologizes to Binance for ‘Ponzi Scheme’ Accusations After 2 Years

by News7
Bloomberg Businessweek Apologizes to Binance for ‘Ponzi Scheme’ Accusations After 2 Years

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Author: Zafar Naik

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Zafar is a seasoned crypto and blockchain news writer with four years of experience. Known for accuracy, in-depth analysis, and a clear, engaging style, Zafar actively participates in blockchain communities. Beyond writing, Zafar enjoys trading and exploring the latest trends in the crypto market.

Jul 17, 2024 19:02

The Chinese edition of Bloomberg Businessweek has published a formal apology to Binance and its founder Changpeng Zhao. On July 6, 2022, the magazine ran a cover story about Binance in its 250th issue titled “Zhao Changpeng’s Ponzi Scheme.” In their apology, the magazine admitted that such a title was a big mistake, completely unfounded and false. Commenting on the apology, Binance said they are pleased that the wrongful accusations have been removed. They will continue to focus on providing the best service and innovation to their users.

Source : Coinpedia

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