Bloomberg Businessweek has issued an apology for a false and unfounded cover title in its 250th issue dated July 6, 2022. The cover, which labeled Binance CEO Changpeng Zhao's activities as a 'Ponzi Scheme', was admitted to be a serious mistake. The apology was published by the Chinese edition of Bloomberg Businessweek, acknowledging the error and retracting the wrongful accusations. Bloomberg described the issue as a 'glaring error' and apologized to Binance.
[WU BLOCKCHAIN] Bloomberg Businessweek Admits Error in 250th Issue Over False 'Changpeng Zhao's Ponzi Scheme' Cover Title
Today, Bloomberg Businessweek Chinese Edition issued an apology statement for the false and inaccurate cover title concerning Binance in its 250th issue in July 2022. We are pleased to see that the wrongful accusations have been retracted. We will continue to focus on… https://t.co/jwJvgz5uJk
Bloomberg Apologizes to Changpeng Zhao (@cz_binance) @Bloomberg Businessweek in China admitted to a "glaring error" in its 250th issue dated July 6, 2022, calling the headline "Changpeng Zhao's (CZ) Ponzi Scheme" on the cover false and unfounded. The editorial team has… https://t.co/bYDHfYysyu