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Binance CEO Retaliates at Sequoia With lawsuit claiming Monetary Compensation

May 24, 2019

Binance CEO and founder Changpeng Zhao has filed a lawsuit against American venture capital firm Sequoia Capital claiming monetary compensation on the grounds of reputation damage as per a report published by news website Coindesk. This lawsuit filed by Mr. Zhao, founder of one of largest cryptocurrency exchange is viewed by many as a retaliatory response to the lawsuit filed by a unit of the above-mentioned venture capital firm over a funding deal which went awry last year.