Bloomberg has formally apologized to Binance and its CEO, Changpeng Zhao, for a 2022 article that mistakenly described Zhao as the leader of a “Ponzi scheme.” Modern Media CL, Bloomberg’s publisher, issued a public apology in its 250th issue, signaling its commitment to correcting past mistakes and improving journalistic standards. Zhao had sued Bloomberg over the defamatory article, citing its role in promoting “hate, contempt, and ridicule” against Binance and himself. As part of its apology, Bloomberg pledged to donate to the Songzi Special Education Foundation, acknowledging the harm caused and its intent to make amends.
Source: bitcoinist.com
