Cryptocurrency exchange founder sues Bloomberg Businessweek publisher for defamation in Hong Kong court

The founder of the world’s largest cryptocurrency exchange Binance is suing the publisher of the Chinese edition of Bloomberg Businessweek for unspecified damages over a “defamatory” magazine cover. Zhao Changpeng, who is also chief executive officer of Binance, filed the case in Hong Kong’s High Court on Monday. The Canadian alleges that Modern Media Company Limited, the Chinese publisher of Bloomberg Businessweek, had published “defamatory statements” about him in Hong Kong on or around July 6. The statements in question were the cover of the 250th issue of the magazine, as well as Twitter a…