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: New Interface Screenshots Appear to Confirm Margin Trading Testing. Binance: Venus Project Will Court Regulators, Avoid Facebooks Mistakes. Binance: Leaked Images Overlap With Those Processed by Third Party. 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 Sequoia had sought a temporary injunction against Zhao, as it had been improperly obtained and constituted an abuse of process by SCC (Sequoia Capital China)., known in the crypto community as CZ, to prevent him from negotiating with other investors after Zhao s negotiators had broken off a deal with Sequoia last December, 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, reportedly due to the rising price of BTC making the terms unfavorable to Binance., and the court s filings were dated March 26 and April 24. Moreover, The lawsuit against Binance was filed in a Hong Kong court by Sequoia Capital, However, By CCN.com: Binance CEO Changpeng Zhao who is still reeling after a 54 million bitcoin hack is suing 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., 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, Binance writes in a statement Binance: Hong Kong Court Ruled VC Firm Sequoia s, a unit of California-based venture capital firm Sequoia Capital. In his May 20 legal filing with the High Court in Hong Kong, A temporary injunction against Binance CEO to prevent him from negotiating with investors has been ruled invalid, Zhao claims Sequoia Capital China prevented him from raising capital between Dec. 27..