Changpeng Zhao Criticises Bloomberg And Defends Crypto
Changpeng Zhao accuses Bloomberg of unfounded attacks and defends the crypto sector during his speech in Kuala Lumpur.
The former CEO of Binance, Changpeng Zhao, criticised Bloomberg magazine, which published an article about his speech in Kuala Lumpur. Zhao accused the publication of unfounded attacks.
"Another attack article by Bloomberg. Instead of dealing with an issue with evidence, they pick one person and invent attacks without any evidence. I have heard that Bloomberg may soon shut down its entire investigative journalism division because of its low ethical standards." - CZ BNB, 24 April 2025
"Another 'masterpiece' by Bloomberg. Instead of describing a problem with concrete evidence, they pick one person and resort to baseless attacks," Zhao added.
4. Another hit piece from Bloomberg.
Instead of writing an issue with evidence, they pick a person and write fictional attacks with zero evidence.
I heard that Bloomberg may cancel its entire investigative journalism division soon, due to its low ethical standards.🤷♂️
Zhao also mentioned in his release that he had heard that the magazine was planning to close its investigative journalism division due to insufficient ethical standards. It is unclear, at the time of writing, whether this statement was made in a joking or serious tone.
Changpeng Zhao responds to accusations and calls for more flexible crypto regulation
In the article, the authors indicate that during his speech Zhao called for a loosening in the regulation of crypto assets. At the same time, the text emphasises that Zhao has in the past pleaded guilty to money laundering, served a sentence, and allegedly had contact with President Donald Trump.
It should be noted that this last piece of information was previously reported by the Wall Street Journal. According to the press, the Trump family had negotiated a financial stake in Binance.US, suggesting Zhao's possible involvement in the pardon process.
The former CEO of Binance denied and continues to deny these allegations. At the same time, Zhao welcomed the change in regulation of the industry in the US market, as quoted by Bloomberg:
"Because the US is now so supportive of crypto, all other governments actually have to be a bit more competitive to retain talent, attract funds and investment. So I encourage most governments to be a little more progressive than the US."
The authors also discuss Zhao's new project, the Giggle Academy educational platform. The material indicates that, during his speech, Zhao stated that the platform could help the employment of children from low-income families, including in Africa, from the age of 14.
When asked whether this could amount to child exploitation, Zhao emphasised that caution should be exercised on this issue.
It is also recalled that during his visit to Malaysia, Zhao met with the country's Prime Minister. The parties discussed the state's potential in the field of blockchain and digital technologies in general.
Accusing the publication of unfounded attacks and questioning Bloomberg's journalistic integrity, Zhao emphasised the importance of responsible reporting. His comments reinforce the need for evidence-based journalism, especially when dealing with influential figures. In the context of the ongoing debate on media ethics, Zhao's comments are a reminder of the possible consequences of when media outlets fail to maintain standards of accuracy and fairness in their publications.
Arthur Hayes, former CEO of BitMEX, urged Zcash (ZEC) holders to withdraw their coins from exchanges and move them to shielded addresses, revealing that ZEC is now his second largest position.
The price of XRP falls 7 per cent on the eve of the launch of the first US spot ETF managed by Canary Capital, as traders weigh hype, deleveraging and the risk of the classic 'sell the news'.
Tether moves like a sovereign wealth fund: it hires traders from HSBC and accumulates billions in physical gold. The strategy, which mirrors the behaviour of central banks, marks a break from dependence on the US dollar.
Trump-related tokens register a massive and inexplicable rally (MELANIA +54%), despite the crypto market's cautious recovery. Insider hoarding is speculated.
The former CEO of Binance, Changpeng Zhao, criticised Bloomberg magazine, which published an article about his speech in Kuala Lumpur. Zhao accused the publication of unfounded attacks.
Zhao also mentioned in his release that he had heard that the magazine was planning to close its investigative journalism division due to insufficient ethical standards. It is unclear, at the time of writing, whether this statement was made in a joking or serious tone.
Changpeng Zhao responds to accusations and calls for more flexible crypto regulation
In the article, the authors indicate that during his speech Zhao called for a loosening in the regulation of crypto assets. At the same time, the text emphasises that Zhao has in the past pleaded guilty to money laundering, served a sentence, and allegedly had contact with President Donald Trump.
It should be noted that this last piece of information was previously reported by the Wall Street Journal. According to the press, the Trump family had negotiated a financial stake in Binance.US, suggesting Zhao's possible involvement in the pardon process.
The former CEO of Binance denied and continues to deny these allegations. At the same time, Zhao welcomed the change in regulation of the industry in the US market, as quoted by Bloomberg:
The authors also discuss Zhao's new project, the Giggle Academy educational platform. The material indicates that, during his speech, Zhao stated that the platform could help the employment of children from low-income families, including in Africa, from the age of 14.
When asked whether this could amount to child exploitation, Zhao emphasised that caution should be exercised on this issue.
It is also recalled that during his visit to Malaysia, Zhao met with the country's Prime Minister. The parties discussed the state's potential in the field of blockchain and digital technologies in general.
Accusing the publication of unfounded attacks and questioning Bloomberg's journalistic integrity, Zhao emphasised the importance of responsible reporting. His comments reinforce the need for evidence-based journalism, especially when dealing with influential figures. In the context of the ongoing debate on media ethics, Zhao's comments are a reminder of the possible consequences of when media outlets fail to maintain standards of accuracy and fairness in their publications.
Read Next
Arthur Hayes Pushes Zcash Towards 'Shield': Halving and Regulatory Risks in Focus
Arthur Hayes, former CEO of BitMEX, urged Zcash (ZEC) holders to withdraw their coins from exchanges and move them to shielded addresses, revealing that ZEC is now his second largest position.
The First Spot ETF on XRP in the US Is imminent, but the Price Falls Early
The price of XRP falls 7 per cent on the eve of the launch of the first US spot ETF managed by Canary Capital, as traders weigh hype, deleveraging and the risk of the classic 'sell the news'.
From Stablecoin to Sovereign Wealth Fund: Tether's Gold Turn Abandoning the Dollar
Tether moves like a sovereign wealth fund: it hires traders from HSBC and accumulates billions in physical gold. The strategy, which mirrors the behaviour of central banks, marks a break from dependence on the US dollar.
Trump-linked tokens fly: Is there a Secret Behind the Sudden Rally?
Trump-related tokens register a massive and inexplicable rally (MELANIA +54%), despite the crypto market's cautious recovery. Insider hoarding is speculated.