BINANCE: HONG KONG COURT RULED VC FIRM SEQUOIAS ALLEGATIONS AGAINST CEO CZ INVALID
Binance: Hong Kong Court Ruled VC Firm Sequoias Allegations Against CEO CZ Invalid. Binance: Funds SAFU After Amazon Web Services Error Stops Withdrawals. Binance: what are nested exchanges, how it affects you and how to avoid them. Binance: Leaked Images Overlap With Those Processed by Third Party. Binance: Venus Project Will Court Regulators, Avoid Facebooks Mistakes. Binance: New Interface Screenshots Appear to Confirm Margin Trading Testing. as it had been improperly obtained and constituted an abuse of process by SCC (Sequoia Capital China)., the documents revealed the details of the sour negations between the two parties and the process of valuation of the exchange by the venture capital firm., to prevent him from negotiating with other investors after Zhao s negotiators had broken off a deal with Sequoia last December, known in the crypto community as CZ, By CCN.com: Binance CEO Changpeng Zhao who is still reeling after a 54 million bitcoin hack is suing Sequoia Capital China, reportedly due to the rising price of BTC making the terms unfavorable to Binance., a unit of California-based venture capital firm Sequoia Capital. In his May 20 legal filing with the High Court in Hong Kong, Sequoia had sought a temporary injunction against Zhao, Binance chief Zhao Changpeng has formally denied allegations made by venture capital firm Sequoia Capital. Zhao challenged the injunction this month and the Hong Kong High court has since, Cryptocurrency exchange Binance has fired a shot across the bow in its ongoing legal dispute with US venture capital firm Sequoia Capital. Binance CEO Changpeng Zhao on Monday tweeted that and the court s filings were dated March 26 and April 24. Moreover, Binance writes in a statement Binance: Hong Kong Court Ruled VC Firm Sequoia s, A temporary injunction against Binance CEO to prevent him from negotiating with investors has been ruled invalid, Zhao challenged the injunction this month and the Hong Kong High court has since dismissed the judicial order. Binance revealed: [T]he High Court of Hong Kong has now determined that this injunction should not have been granted, However, The lawsuit against Binance was filed in a Hong Kong court by Sequoia Capital, Zhao claims Sequoia Capital China prevented him from raising capital between Dec. 27..