Bloomberg Businessweek/Chinese edition released a statement saying that a serious mistake was made in the publication of the 250th issue (July 6, 2022) of the magazine by publishing a false and baseless cover title Changpeng Zhao's Ponzi Scheme. The magazine unreservedly rejects and retracts this offensive statement and apologizes to Changpeng Zhao and Binance. We will not publish or make any more allegations of the same or similar in any way.