TechFlow reported that the Chinese version of Bloomberg Businessweek published a false and unfounded cover headline in its 250th issue (July 6, 2022), mistakenly writing "Zhao Changpeng's Ponzi Scheme". In response, the publication unreservedly withdraws and retracts this offensive statement, and unreservedly apologizes for any harm or distress caused to Mr. Zhao Changpeng and Binance, which he founded.
The publication is committed to improving its news reporting standards and will not publish or make any identical or similar allegations again. To correct the error, we will use the donation in lieu of damages and donate it to the Provincial Songzi City Special Education School Foundation.