{"id":162530,"date":"2025-07-13T08:30:16","date_gmt":"2025-07-13T05:30:16","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=162530"},"modified":"2025-07-13T08:28:03","modified_gmt":"2025-07-13T05:28:03","slug":"binance-founder-says-bloombergs-usd1-report-is-false-threatens-lawsuit","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/binance-founder-says-bloombergs-usd1-report-is-false-threatens-lawsuit\/","title":{"rendered":"Binance Founder Says Bloomberg\u2019s USD1 Report is False, Threatens Lawsuit"},"content":{"rendered":"<p>His reaction came after the outlet published a report on Friday alleging Binance\u2019s involvement in the development of the USD1 stablecoin.<\/p>\n<p>Taking to X, Zhao <strong><a href=\"https:\/\/x.com\/cz_binance\/status\/1943705285098365065?t=P-7ISfS66WXluvaXO69FBg&amp;s=19\" rel=\"nofollow\">slammed<\/a><\/strong> the article as \u201canother hit piece,\u201d claiming it was likely backed by a rival firm. He said the goal was to spread fear, uncertainty, and doubt\u2014commonly known in crypto as \u201cFUD.\u201d<\/p>\n<p>\u201cToo many factual errors to count,\u201d Zhao wrote in his post. \u201cMight have to sue them again for defamation.\u201d<\/p>\n<h2>What Bloomberg reported<\/h2>\n<p>The controversial Bloomberg report cites three unnamed sources. According to them, Binance allegedly wrote the base smart contract code for USD1, a stablecoin recently under scrutiny.<\/p>\n<p>He did not specify which parts of the article he disputed, but his statement strongly rejected any suggestion of Binance\u2019s technical involvement in USD1.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-162451\" href=\"https:\/\/cryptodnes.bg\/en\/most-trending-cryptocurrencies-on-coingecko-after-bitcoins-new-ath\/\" title=\"Most Trending Cryptocurrencies on CoinGecko After Bitcoin\u2019s New ATH\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-analytics-crypto-altcoins-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Most Trending Cryptocurrencies on CoinGecko After Bitcoin\u2019s New ATH<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<h2>Context: Legal history and market tension<\/h2>\n<p>This is not the first time Zhao has challenged Bloomberg. In 2022, he filed a defamation suit against the outlet\u2019s Hong Kong affiliate. That case stemmed from an article he claimed painted him and Binance in a misleading light.<\/p>\n<p>The new allegations come amid heightened competition in the stablecoin market, with multiple exchanges seeking to gain dominance. The USD1 token\u2019s emergence has sparked questions about transparency and control\u2014issues that continue to draw attention from regulators and media.<\/p>\n<p>Whether he proceeds with new legal action remains to be seen, but his latest statement signals that Binance will aggressively defend its reputation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance founder Changpeng Zhao has once again threatened legal action against Bloomberg.<\/p>\n","protected":false},"author":7,"featured_media":142400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[426,424,71],"coin_category":[],"class_list":["post-162530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-binance","tag-crypto","tag-stablecoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO 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