The enigmatic Binance chief executive Changpeng ‘CZ’ Zhao has responded to Reuters’ more provocative reporting in his latest rebuke of journalism.
In a blog post written on October 17, CZ addressed the issue, personally, between reporters at the company and Reuters, who reached out again for another story.
Two Reuters featured reporters, Angus Berwick and Tom Wilson, have repeatedly targeted Binance and its CEO this year. reports,
Headlines ranged from how Binance “weakened” money laundering checkHow It Became “For The Hub” hackersfraudsters, and drug traffickers.” The latest report, dated October 17, accuses CZ of “Conspiracy to dodge regulators in America and Britain.”
Zhao accuses the pair of biased reporting “only from anonymous sources”, this is not the first time he has denied their reporting.
CZ on Reuters: Crossing the Line
This time his primary beef did not appear to be a misuse of facts but his family’s involvement.
“What is unique this time is that they have signaled a new low and crossed the line into precarious territory. They have signaled an intention to report on my kids.”
CZ said Binance is working with law enforcement agencies around the world to confiscate the assets of criminal organizations. Their justified fear is that journalists may be deliberately harming their children by publishing information about their children. “It’s un-principled and unbearable,” he said.
Binance therefore declined to comment further with Reuters as they did not provide assurances that his family would not be reported. He chose instead to take the story to the community by providing details on the allegations made by the outlet.
The first issue was the company’s commitment to compliance and its fight against criminal activity. Anyone who uses Binance will notice the greater KYC requirements, and the firm has been instrumental in helping recover the stolen funds.
Secret Binance Office and Tai Chio
Reuters has also attacked CZ’s leadership style and the secret locations of his offices. CZ explained that some were kept secret to protect employees as the company deals with law enforcement.
There was also a “Tai Chi PowerPoint” document submitted by a consultant on how to set up a company in the US CZ, rejecting the document and establishing Binance.US with major law firms went.
CZ concluded that he wanted to “a) have strong, open relationships with journalists at all outlets and, more importantly, b) keep my family safe. Without B’s assurances, I would not commit to A. It is possible.”
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