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.

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